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Oil prices drop and stocks rally after two-week ceasefire agreed by Iran
By Dominic Bernard2026-04-08T07:02:00
Ships will be given ‘safe passage’ through the Strait of Hormuz, freeing up around 20% of the world’s oil supply
The price of crude oil has plunged almost 15% and global stock markets have rallied after the US and Iran agreed to a two-week ceasefire to negotiate a permanent end to the conflict.
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