{"id":2588316,"date":"2026-04-08T00:54:02","date_gmt":"2026-04-08T04:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-oil-plummets-after-trump-announces-iran-ceasefire\/"},"modified":"2026-04-08T00:55:28","modified_gmt":"2026-04-08T04:55:28","slug":"breaking-oil-plummets-after-trump-announces-iran-ceasefire","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-oil-plummets-after-trump-announces-iran-ceasefire\/","title":{"rendered":"Breaking: Oil Plummets After Trump Announces Iran Ceasefire"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-oil-plummets-after-trump-announces-iran-ceasefire%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2588316&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Oil markets reacted to president Trump&#8217;s announcement of a two-week ceasefire with Iran, triggering a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/traders-are-starting-to-rush-for-the-exits-in-the-worlds-biggest-commodities-markets\/\" title=\"Traders are Starting to Rush for the Exits in the World\u2019s Biggest Commodities Markets\">sharp price drop<\/a> in crude. After trading as high as about $117.48 per barrel, prices slid to roughly $95.95 within minutes, reflecting volatility during heightened tensions. Trump said the ceasefire would be in place if Iran agreed to the complete, immediate, and safe opening of the Strait of Hormuz, and he claimed military objectives had been met with progress toward long-term peace. CNBC noted that Iran would <a href=\"https:\/\/amzn.to\/3YuVZYV\" >coordinate safe passage<\/a> for vessels during negotiations, and by evening oil prices had rebounded slightly but stayed around the mid-$90s range. Asian stock markets rose on the news, though analysts cautioned that a durable agreement was still uncertain, with experts like Bob McNally emphasizing that it remained unclear whether the Strait of Hormuz would fully open. The Strait of Hormuz, through which about 20% of the world\u2019s oil passes, remains a critical chokepoint, and while tensions eased, the market outlook stayed fragile and unpredictable.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>It took just moments for crude oil prices to plummet over 20 percent after President Donald Trump announced a ceasefire with Iran.<\/p>\n<p>After <a href=\"https:\/\/www.google.com\/finance\/quote\/CLW00:NYMEX\" target=\"_blank\" rel=\"noopener\">trading<\/a> at a high of $117.48 at 11:09 a.m. Eastern, it had already decreased somewhat to $95.95 by 11:10 p.m. &mdash; normal fluctuations during a time of hostilities.<\/p>\n<p>On Tuesday evening, <a href=\"https:\/\/www.westernjournal.com\/massive-breaking-trump-announces-iran-cease-fire-set-will-hold-off-destructive-force-sent-tonight-iran-honors-terms\/\" target=\"_blank\" rel=\"noopener\">Trump announced<\/a> on <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116365796713313030\" target=\"_blank\" rel=\"noopener\"><\/a>  that a two-week ceasefire had been agreed to between the two sides &mdash; and the bottom fell out of the prices.<\/p>\n<p>&ldquo;Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks,&rdquo; Trump said in the post.<\/p>\n<p>He added that &ldquo;we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East.&rdquo;<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"anyclipvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadAnyclip() { \t\t\t\t\t\tconst container=document.getElementById(\"anyclipvideo\"); 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\t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#119811;&#119848;&#119847;&#119834;&#119845;&#119837; &#119817;. &#119827;&#119851;&#119854;&#119846;&#119849; &#119827;&#119851;&#119854;&#119853;&#119841; &#119826;&#119848;&#119836;&#119842;&#119834;&#119845; &#119823;&#119848;&#119852;&#119853; &#120782;&#120789;:&#120785;&#120784; &#119823;&#119820; &#119812;&#119826;&#119827; &#120782;&#120786;.&#120782;&#120789;.&#120784;&#120788; <a href=\"https:\/\/t.co\/QEeflm2ma9\">pic.twitter.com\/QEeflm2ma9<\/a><\/p>\n<p>&mdash; Commentary Donald J. Trump Posts From  (@TrumpDailyPosts) <a href=\"https:\/\/twitter.com\/TrumpDailyPosts\/status\/2041675926992572426?\">April 8, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.cnbc.com\/2026\/04\/07\/oil-prices-iran-war-trump-deadline-strait-hormuz.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, Iran&rsquo;s foreign minister, Seyed Abbas Araghchi, said vessels would be given safe passage during negotiations in &ldquo;coordination with Iran&rsquo;s Armed Forces and with due consideration to technical limitations.&rdquo;<\/p>\n<p>The immediate impact? <a href=\"https:\/\/www.westernjournal.com\/breaking-trump-suspends-100-year-old-law-bid-lower-oil-prices\/\" target=\"_blank\" rel=\"noopener\">Oil prices<\/a>&nbsp;had dipped substantially from intraday highs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: Within moments of Trump&rsquo;s ceasefire announcement, oil prices began to plummet and bottomed out down 22%, before rebounding slightly. <a href=\"https:\/\/t.co\/a6KaUIJTlv\">pic.twitter.com\/a6KaUIJTlv<\/a><\/p>\n<p>&mdash; The Western Journal (@WesternJournalX) <a href=\"https:\/\/twitter.com\/WesternJournalX\/status\/2041677669188661669?\">April 8, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the prices had rebounded slightly by 9 p.m., crude contracts were still trading mostly in the $96.00 range.<\/p>\n<p>The Strait of Hormuz, through which 20 percent of the world&rsquo;s oil passes, was Iran&rsquo;s last remaining bastion of security in the conflict with U.S., Israeli, and other Middle Eastern forces.<\/p>\n<p>While its defensive positions had been considerably degraded and attacks on military or other civilian targets were scarcer as <a href=\"https:\/\/www.westernjournal.com\/scott-bessent-snaps-kristen-walkers-ridiculous-question-funding-operation-epic-fury\/\" target=\"_blank\" rel=\"noopener\">Operation Epic Fury<\/a> wore on, the risk to tankers &mdash; civilian vessels which do not have countermeasures &mdash; still existed.<\/p>\n<p>This had caused the price of oil to spike, with some outlets <a href=\"https:\/\/www.axios.com\/2026\/04\/01\/oil-prices-200-barrel-strait-hormuz\">predicting<\/a> a worst-case scenario of $200 per barrel.<\/p>\n<p>However, oil never got above $120 per barrel during the conflict.<\/p>\n<p>In addition to the plunge in oil prices, <a href=\"https:\/\/edition.cnn.com\/2026\/04\/07\/business\/us-stocks-oil-trump-iran-ceasefire\" target=\"_blank\" rel=\"noopener\">CNN<\/a> reported that Asian markets were up in early trading, with Japan&rsquo;s Nikkei 225 index up 4.8 percent and South Korea&rsquo;s Kospi spiking 5.7 percent.<\/p>\n<p>Analysts, however, remained cautious about whether a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-and-russia-agree-to-build-joint-moon-base\/\" title=\"China and Russia Agree to Build Joint Moon Base\">long-term agreement<\/a> could be reached based on what was announced Tuesday night.<\/p>\n<p>&ldquo;The market has been eager to get good news but it remains to be seen if the Strait of Hormuz opens fully,&rdquo; Bob McNally, founder and president of Rapidan Energy Group, remarked.<\/p>\n<p>&ldquo;That&rsquo;s the whole ball of wax and so far Washington and Tehran seem to be talking past each other on that.&rdquo;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell sharply within minutes after President Trump announced a two-week ceasefire with Iran. The session\u2019s high was $117.48 per barrel at 11:09 a.m. ET, but by 11:10 p.m. they had slipped to about $95.95. That drop occurred amid ongoing hostilities. Later that evening, Trump said in a post that, after talks with Pakistan\u2019s Prime Minister Shehbaz Sharif and Army Chief General Munir, and provided Iran agreed to the complete, immediate, and safe opening of the Strait of Hormuz, he would suspend bombing and attacks for two weeks and pursue a long-term peace in the region. Iran\u2019s foreign minister indicated that vessels would be allowed safe passage during negotiations. <\/p>\n<p>The immediate impact was a substantial price decline, with crude futures bottoming out around a 22% drop before rebounding somewhat; by around 9 p.m. they were trading near $96. The Strait of Hormuz, through which about 20% of the world\u2019s oil passes, remained a critical concern for tanker security, even as fighting receded. Earlier fears of a spike to $200 per barrel did not materialize; prices never rose above roughly $120. Asian markets also rose on the news, with Japan\u2019s Nikkei up about 4.8% and South Korea\u2019s Kospi up about 5.7%. Analysts remained cautious about whether a lasting agreement could be reached, with Bob McNally noting that the key question is whether Hormuz would be fully open in the long term. The surrounding article also included various site features and interactive elements<\/p>\n","protected":false},"author":1,"featured_media":2588317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/04\/Ben-Working-Feature-Image-2026-04-07T231401.780.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[3823,10752,7393,3634],"class_list":["post-2588316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-iran","tag-markets","tag-oil","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/04\/Ben-Working-Feature-Image-2026-04-07T231401.780.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2588316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2588316"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2588316\/revisions"}],"predecessor-version":[{"id":2588320,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2588316\/revisions\/2588320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2588317"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2588316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2588316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2588316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}