Global News

2 articles

Oil Prices Drop as Iran Reopens Strait of Hormuz During Ceasefire

Oil prices fell sharply after Iran announced that the Strait of Hormuz would remain fully open to commercial shipping throughout the ceasefire period. Brent crude dropped to around $88 per barrel, down from above $98 earlier in the day. The strategic waterway, linking the Gulf to the Arabian Sea, handles roughly 20% of global oil

StockMarket.et17 Apr 2026

Business

U.S., Iran Move Toward Ceasefire Deal as Oil Prices Drop

U.S. President Donald Trump has confirmed that Washington has agreed to a two-week suspension of planned military strikes on Iran. The pause follows high-level discussions involving Pakistan’s Prime Minister Shehbaz Sharif and Army Chief Asim Munir, who have played a central mediation role. The White House stated that Trump had been briefed on Pakistan’s ceasefire

StockMarket.et8 Apr 2026