Event Brief
Oil drops below $100 following ceasefire announcement
Filed: Apr 08, 2026 at 5:11 AM ET
Summary: Oil prices fell sharply after Trump announced a ceasefire with Iran, leading to a significant drop in Brent and WTI crude prices.
WHO: Donald Trump
WHAT: announced a two-week ceasefire with Iran
WHEN: Apr 08, 2026 at 4:30 AM ET
WHERE: Strait of Hormuz
WHY: Triggered by the announcement of a ceasefire with Iran
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
🔍 6 sources analyzed
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