Trump ceasefire sends Brent crude down 12% after Hormuz reopening
Trump’s two-week Gulf ceasefire and reopening of the Strait of Hormuz sent Brent crude down 12% to $91 a barrel after nearly 6 weeks of disruption.
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Energy
Hormuz tanker traffic remains near standstill after ceasefire announcement
Tanker traffic in the Strait of Hormuz remains near a standstill, keeping U.S. oil below $100 a barrel despite Trump’s ceasefire announcement.
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Strait of Hormuz tanker traffic stays near standstill after ceasefire
Tanker traffic through the Strait of Hormuz stayed near a standstill after the U.S.-Iran ceasefire, even as U.S. oil slipped below $100 a barrel.
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Oil markets price Strait of Hormuz closure at Brent above $99
Abu Dhabi’s oil chief said the Strait of Hormuz is still not open, and Brent crude climbed back above $99 a barrel as traders priced in shipping risk.
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China’s copper imports slump to weakest level since 2011
WTI rose 0.6% to $98.43 as traders watched the Strait of Hormuz and Iran war risks.
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Gas prices near $4 as Iran-Hormuz shutdown snarls oil shipping
Average gas prices hit $3.98 a gallon as the Iran conflict disrupts crude and LNG flows through the Strait of Hormuz.
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Iran war triggers supply-chain crisis after Strait of Hormuz shipping freeze
Wood Mackenzie estimates about 9M barrels a day of Gulf output now sits shut in, while Fed Chair Jerome Powell warned of “an energy shock of some size and duration”.
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Goldman Sachs lifts 2026 Brent forecast to $85 on Hormuz disruption
Goldman Sachs raised its 2026 Brent forecast to $85 and warned oil could hit $135 a barrel if constrained flows and production losses persist.
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U.S. Treasury lifts sanctions on Iranian oil cargoes through April 19
The Treasury Department temporarily lifted sanctions on Iranian oil at sea, letting cargoes loaded by March 20 sell to most countries through April 19.
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