Middle East Eye
centerLIVE UPDATEOil drops below $100 following ceasefire announcement
NEWS SUMMARY
US President Donald Trump announced a two-week ceasefire with Iran on April 8, 2026, contingent on reopening the Strait of Hormuz. This development led to a significant drop in oil prices, with Brent crude falling to $94.25 and WTI to $95.52 per barrel.
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CONFLICT OVERVIEW
Israel–Palestine
The Israeli-Palestinian conflict is an ongoing military and political conflict in the Levant, with recent major escalations beginning in October 2023.
Active since May 1948
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