Updated: April 8, 2026

Oil prices down globally after announcement of two-week ceasefire

April 8, 2026

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Global oil prices have fallen sharply after US President Donald Trump announced a conditional two-week ceasefire. Brent crude is down 5.8 percent at 103.42 US Dollar a barrel, while US-traded oil was almost 8.5 percent lower at 103.25 US Dollar.

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