Author page: The Situation Report

Oil prices fall below $100 as Trump announces two-week ceasefire

SINGAPORE, April 8 (Reuters) – Oil fell below $100 per barrel ‌on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent futures fell $14.51, or 13.3%, to $94.76 a barrel at 0330 GMT, ​while WTI slid $17.16, or 15.2%, to $95.79 a barrel. Trump’s turnaround came…

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