US crude slumps below US$100 after Trump announces two-week ceasefire

Donald Trump

The US-Israeli war with Iran saw the steepest monthly oil price rise in history in March of more than 50 per cent. PERTH: US West Texas Intermediate crude fell by nearly US$20 per barrel on Wednesday (Apr 8) after US President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. WTI crude for May delivery fell US$18.10, or 16.02 per cent, to US$94.85 per barrel as of 11.20pm GMT Tuesday (7.20am, Wednesday,

Tag-uri: Donald Trump