08.04.2026 08:10
After a two-week ceasefire decision between the USA, Israel, and Iran, oil prices fell sharply while gold prices rose. The price of a barrel of oil dropped to 90 dollars, while the gram of gold, which has been declining since the beginning of the war, is trading at 6,900 TL.
The announcement that the US, Israel, and Iran have agreed to a two-week ceasefire has led to sharp fluctuations in global markets. Following US President Donald Trump's announcement that they accepted the ceasefire, there was notable activity, especially in the energy and commodity markets.
The temporary reduction of tension in the Middle East and the expectation that the flow of oil and natural gas through the Strait of Hormuz could resume has put downward pressure on oil prices.
SHARP DECLINE IN OIL
US West Texas Intermediate (WTI) crude oil futures fell by 18%, dropping below $93 per barrel. Brent crude oil, which had risen to $114 during the day, fell to around $93 with a decline of approximately 20% following the ceasefire announcement.
At the end of February, the US and Israel's attack on Iran and the Tehran administration's closure of the Strait of Hormuz, a significant transit point for global oil and natural gas supply, had shaken the markets. The reduction of this risk with the ceasefire was directly reflected in prices.
##19727274##
ACCELERATION IN GOLD
Unlike oil, gold prices have started to rise. Following US President Donald Trump's announcement that they accepted the ceasefire, the demand for safe havens among investors increased.
Gold per ounce started the day at $4,700, and with the impact of developments, it rose to $4,850. As of 05:00, it is trading at $4,817.
NEW PEAK IN GRAM GOLD
Gold prices also moved upward domestically. Before the announcements, gram gold was at 6,745 TL, and it rose to 6,950 TL. As of 05:00, gram gold stabilized at 6,900 TL.