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Oil prices plunge after Trump announces ceasefire

Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.

Published April 8, 2026, 5:20 PM
Updated April 8, 2026, 5:35 PM4.5K
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Oil prices plunge after Trump announces ceasefire

Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.

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