Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran
Source: US news | The Guardian · Bias: Center Left
Summary
Brent crude oil dropped to $93 a barrel after Trump ceasefire announcement and Iran’s pledge to reopen strait of Hormuz under its managementMiddle East crisis – live updatesFull report: US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of HormuzOil prices plunged by almost 15% after Donald Trump held off on his threat to bomb Iran into the stone ages on Tuesday night, and Iran’s foreign minister said passage through the strait of Hormuz would be allowed for the next two weeks under the management of its military.With just over an hour until his deadline was due to pass, the US president said he was holding off on threatened attacks on Iran, subject to Tehran agreeing to a two-week ceasefire and reopening of the strait of Hormuz. Continue reading...
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Daily Analysis
Read the full Parallax Pulse for April 8, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
More Headlines From April 8, 2026
- Democratic senator: Hegseth ‘blowing smoke’ with claims about Iran war (Center)
- 'Wild': Defense officials 'had no idea' what would happen with Trump’s 'chaotic' ceasefire (Left)
- Pam Bondi Won’t Appear for Scheduled Epstein Testimony Next Week (Center)
- Republicans plan 'unprecedented' campaign spending to keep Senate majority (Center Right)
- Watch Live: The WAR Zone Podcast With Wayne Allyn Root Presented by The Gateway Pundit-Iran Terror Regime Shuts Down Strait of Hormuz Again Just Hours After Ceasefire and More! (Far Right)






