CAMEO+ eventECONOMIC2026-04-08馃嚥馃嚭
Oil prices plunge as US-Iran ceasefire reopens Strait of Hormuz
source: US, Israel and Iran -> target: global oil markets
On 2026-04-08, global oil prices fell about 14% after the United States, Israel, and Iran agreed to a two-week ceasefire and a limited reopening of the Strait of Hormuz. Brent and WTI both dropped below $100 per barrel as the easing of supply fears relieved energy markets.
0.48Significance6.0Magnitude0.9Systemic0.9Market1Articles
Location
Strait of HormuzEastern AfricaMauritiusAfrica26.567, 56.250
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