Oil prices plummet amid Trump-Iran ceasefire deal

Apr 8, 2026 - 10:00
Oil prices plummet amid Trump-Iran ceasefire deal
Oil prices plummeted on Wednesday after President Trump announced a two-week ceasefire with Iran. Futures for international benchmark Brent crude were down about 17 percent to about $91 per barrel while U.S. benchmark WTI was down about 18 percent, trading at around $93 per barrel on Wednesday morning. The Wall Street Journal reported that prices were heading for their...