Oil Falls as US, Iran Agree to Two-Week Ceasefire

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Apr 8th, 2026

Oil Falls as US, Iran Agree to Two-Week Ceasefire

Oil fell the most in almost six years after the US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. Bloomberg's Anthony di Paola reports.