Impact of US-Iran ceasefire: Heavy fall in crude oil prices in the international market
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Media Baaji
- Wed, 8 April 2026
new york With the announcement of a two-week long ceasefire between the US and Iran, the price of crude oil has fallen sharply in the international market. Due to the ongoing war for the past five weeks, the price of crude oil fell by around 15 percent on Wednesday. After the announcement of the ceasefire, the price of crude oil in the world market has fallen by about 15 percent. Al Jazeera wrote that investors are excited about the hope of a decrease in the price of both Brent Crude and WTI after a sharp decline.
In the American stock market, the share prices of giant companies in the technology sector, Nvidia, Tesla and Intel, have increased significantly. However, due to the drop in crude oil prices, the shares of American energy companies have fallen by about 3 percent.new york With the announcement of a two-week long ceasefire between the US and Iran, the price of crude oil has fallen sharply in the international market. Due to the ongoing war for the past five weeks, the price of crude oil fell by around 15 percent on Wednesday. After the announcement of the ceasefire, the price of crude oil in the world market has fallen by about 15 percent. Al Jazeera wrote that investors are excited about the hope of a decrease in the price of both Brent Crude and WTI after a sharp decline.
In the American stock market, the share prices of giant companies in the technology sector, Nvidia, Tesla and Intel, have increased significantly. However, due to the drop in crude oil prices, the shares of American energy companies have fallen by about 3 percent.
Express
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