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The Latest Breaking News from Oil

Iran ceasefire effect: Oil plunges as European markets surge

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Euronews

Price of oil tumbles as global stocks rebound on two-week ceasefire

Investors welcomed the deal on Wednesday morning after a volatile six weeks for the financial markets since the conflict first began.

Evening Standard

France pushes for wider truce as Iran ceasefire leaves Lebanon out

French President Emmanuel Macron convened a meeting of top defence and security officials on Wednesday after a two-week ceasefire was agreed between the United States and Iran, calling the deal “a very good thing” but saying it must “fully” include Lebanon.

Radio France Internationale

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Oil Burners Are the Overlooked Heroes of Home Fragrances — These Are the Best Design-y Ones for an Aesthetic Home

But first, let's talk about how this scenting format works in the first place...

Livingetc

Shell cuts gas production outlook blaming Middle East conflict

However, its oil trading operations were boosted by a jump in prices following the conflict between US-Israeli forces and Iran.

Evening Standard

Oil prices plunge 15% to below $100, stocks surge and dollar slumps after Trump announces US-Iran ceasefire – as it happened

Oil prices drop most since pandemic while gas prices slide 20%; government bond yields fall sharply as rate hike expectations recede

The Guardian - UK

Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is

Asian markets surged on the possibility that much needed oil, gas and commodities can start flowing through the Strait of Hormuz again.

Fortune

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FTSE 100 Live 08 April: Stocks rebound as oil price slides on Iran ceasefire

Stock markets have bounced after the oil price slid on the back of a two-week ceasefire in the Iran war.

Evening Standard

Does the Iran ceasefire mean the fuel crisis is over? Not even close

It might feel like a lifetime ago, but it was just last week analysts began talking about fuel rationing in Australia.

The Conversation

Trump hails ‘complete victory’ in Iran ceasefire deal as oil prices tumble

President Donald Trump has claimed a "total and complete victory" following a two-week ceasefire deal with Iran to reopen the Strait of Hormuz. The agreement led to oil prices falling below $100, with Trump hailing it as a "big day for world peace" on Truth Social. Before the deal, Trump…

The Independent UK

UK opening new oil and gas fields would imperil global climate goals, experts say

Climate diplomacy figures warn North Sea drilling would encourage fossil fuel exploitation by developing countries

The Guardian - UK

Aussies hit as gas giants reap export rewards: research

Australia's second-biggest oil and gas company has come under fire for its tax contributions, as tensions over domestic prices and export royalties heat up.

AAP

From the brink to a breather: Trump's Iran pivot buys time, not trust

The United States and Iran have agreed to a two-week ceasefire. This pause follows days of escalating strikes and threats. Pakistan played a key role in brokering the truce. Talks are scheduled for Friday in Islamabad. The agreement aims to de-escalate tensions and open a path for diplomacy. Global oil…

The Times of India

Asian benchmarks jump after oil prices sink in response to the Iran ceasefire

Asian shares are surging as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz

The Independent UK

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AAP

Best day in a year as Aussie shares surge on Iran truce

The bourse has clocked its best session in a year after a US-Iran ceasefire deal supported hopes of de-escalation and improved oil flow from the Middle East.

AAP

State seeks oil-drilling project in 'national interest'

A state premier is urging the federal government to fast-track approval to drill for oil in response to the fuel crisis, bypassing environment protection laws.

Axios

Large-scale oil shipping won't start again quickly after Iran ceasefire

Untangling the largest disruption in oil market history won't happen quickly or easily.

The Guardian - US

Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran

Oil heads for biggest daily fall since pandemic as Iran says it will reopen strait of Hormuz under its management

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The Times of India

US‑Iran agree to two‑week ceasefire: Here is Trump’s full statement

US President Donald Trump stepped back late Tuesday from his threats of devastating strikes on Iran, announcing a two-week ceasefire just hours before the deadline he had set for Tehran. The agreement includes the temporary reopening of the Strait of Hormuz, a critical waterway for global oil shipments, and sets…

The Independent UK

Oil prices plummet and Asian stocks surge after Trump suspends attacks on Iran

US president’s decision contingent on Tehran agreeing to two-week ceasefire and reopening Strait of Hormuz

Axios

Oil prices plunge following U.S.-Iran ceasefire

The agreement is subject to Iran to allowing "complete" reopening of the Strait of Hormuz, President Trump said.

The Conversation

The government has boxed itself in over fuel saving strategies – but there is a way out

While the government works to reassure New Zealanders that fuel stocks are stable, the numbers tell an uncomfortable story: the country has about 27 days of onshore cover for petrol and 17 days of diesel.

Barchart

Cotton Face Weakness on Tuesday

Cotton futures closed the session with contracts 28 to 40 points in the red. The US dollar index was $0.375 lower at $99.480. Crude oil was down $2.03 on the day after late reports that the US and Iran were reviewing a Pakistan proposed 2-week ceasefire ahead of Tuesday nights...

Barchart

Corn Fall Lower on Tuesday

Corn futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil was down $2.03 on the day after late reports that the US and Iran were reviewing a Pakistan proposed 2-week ceasefire ahead...

Barchart

Soybeans Face Weakness on Tuesday

Soybeans posted Tuesday losses of 6 to 9 cents in the nearby contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 cents at $10.89 1/4. Soymeal futures were down $1.30 to $4.80 in the front months, with Soy Oil futures down 8 to 31 points at...

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