08.04.2026 02:52
After U.S. President Donald Trump announced that he accepted a two-week ceasefire with Iran, the price of Brent crude oil fell by about 20 percent. Brent crude oil dropped to around $93 per barrel.
U.S. President Donald Trump announced that a two-week ceasefire has been agreed upon with Iran, leading to a sharp decline in global energy markets.
BRENT OIL DROPPED TO 93 DOLLARS
With expectations of reduced tensions in the Middle East, the price of brent oil, which came under selling pressure, lost about 20 percent of its value following the announcements. Prices, which had been high since the beginning of the week, retreated to the level of 93 dollars with the ceasefire news.
Analysts state that the easing of geopolitical risks has alleviated supply concerns, while expressing that markets will focus on the diplomatic steps at the end of the two-week period.
NEW YORK STOCK EXCHANGE CLOSED WITH MIXED TREND
The New York stock exchange completed the day with a mixed trend as uncertainties regarding the tensions in the Middle East continued. At the close, the Dow Jones index fell by 0.18 percent to 46,584.46 points. The S&P 500 index increased by 0.08 percent to 6,616.85 points, and the Nasdaq index rose by 0.1 percent to 22,017.85 points.