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Event Brief

Oil prices drop below $100 after Iran's agreement

Oil prices fell as Iran agreed to safe passage through the Strait of Hormuz during a ceasefire.
WHO: President Donald Trump
WHAT: agreed to a ceasefire with Iran
WHEN: Apr 7, 2026 at 8:16 PM ET
WHERE: Strait of Hormuz
WHY: Iran agreed to safe passage during a ceasefire
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