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Oil prices drop after ceasefire announcement

Oil prices plunged and U.S. stock futures soared Tuesday evening after President Donald Trump agreed "to suspend the bombing and attack of Iran for a period of two weeks” on the condition that Iran re-opens the Strait of Hormuz.

Published April 7, 2026, 11:26 PM
Updated April 7, 2026, 11:43 PM2.6K
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Oil prices drop after ceasefire announcement

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Oil prices drop after ceasefire announcement

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