Brent falls as much as 17% after US-Iran two-week ceasefire
Brent fell as much as 17% intraday on April 8 after the US and Iran agreed a two-week ceasefire, dropping toward $95 a barrel. The deal suspended US attacks on Iran and was meant to halt the military campaign, with talks to follow. Traders focused on how fast tanker traffic through the Strait of Hormuz could resume.
- Brent down as much as 17% intraday
- Trading near $95 a barrel
- Two-week ceasefire between the US and Iran
- Market focus on Hormuz transit recovery
BRENT around the story · hourly24 h reaction ▲ 0.09%
Moves this explains
AMD+4.44%Apr 6 · Rose 4.4% as oil collapsed and stocks rallied after Trump announced a two-week US-Iran ceasefire tied to reopening the Strait of Hormuz: WTI -14.8%, Brent -14.4%, S&P 500 +2.6%, Intel +8.4%, Broadcom +7.4%, Ether +6.3%.HOOD+7.51%Apr 6 · Robinhood rose 7.51% on 2026-04-07 as oil collapsed: WTI -14.80% and Brent -14.35%, with the S&P 500 +2.62%, QQQ +3.10% and bitcoin +4.47%. Coverage dates the two-week US-Iran ceasefire announcement to the evening of April 7 ET, while the oil move tied to the ceasefire is dated 2026-04-08.Source
Bloomberg GovernmentApr 8, 2026