Event Brief
UPDATED Apr 8, 2026 at 11:05 AM ET
Apr 8, 2026 at 5:11 AM ET
Oil drops below $100 following ceasefire announcement
By The BriefBrief
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 8, 2026 at 4:30 AM ET
WHERE: Strait of Hormuz
WHY: Triggered by the announcement of a ceasefire with Iran
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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