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Oil prices drop after ceasefire announcement

Apr 7, 2026

Oil prices plunged and U.S. stock futures soared Tuesday evening after President Donald Trump agreed “to suspend the bombing and attack of Iran for a period of two weeks” on the condition that Iran re-opens the Strait of Hormuz.

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Plan to scrap presidential elections puts Zimbabweans at loggerheads
Oil slides after Trump agrees to conditional two-week Iran ceasefire

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