Oil prices plummeted on Wednesday after the U.S. and Iran agreed to a two-week ceasefire to ensure stability in the region’s critical energy corridor.
Brent crude futures for June delivery plunged 13.4 percent to $94.56 a barrel on hopes that oil and gas flows through the Strait of Hormuz could soon resume. WTI crude futures for May delivery were down nearly 16 percent at $95.15.
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Oil Prices Slump On Easing Supply Fears
2026-04-08 09:12:15
