April 8, 2026 8:50 AM
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Oil prices fall sharply after US-Iran ceasefire agreement
Global oil prices have fallen sharply and stock markets have jumped after US and Iran agreed to a conditional two-week ceasefire deal. The price of benchmark Brent crude dropped below 100 US dollars, falling by about 15.9 percent to 92.30 US dollars a barrel, while US-traded oil was almost 16.5 perc...