{"id":214827,"date":"2026-04-08T12:06:31","date_gmt":"2026-04-08T06:36:31","guid":{"rendered":"https:\/\/newsfed.in\/english\/?p=214827"},"modified":"2026-04-08T12:06:31","modified_gmt":"2026-04-08T06:36:31","slug":"oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement","status":"publish","type":"post","link":"https:\/\/newsfed.in\/english\/oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement\/","title":{"rendered":"Oil Prices Crash! Global Crude Plunges 15% Following US-Iran Ceasefire Announcement"},"content":{"rendered":"\n<p>The global energy market witnessed a major sigh of relief on Wednesday as crude oil prices plummeted by nearly 15% immediately after the US-Iran ceasefire was announced. Following US President Donald Trump\u2019s declaration of a two-week pause in military operations, Brent Crude oil prices dropped significantly, falling below the $100 mark to reach $95 per barrel.<\/p>\n\n\n\n<p>During the 40-day conflict, prices had surged to a high of $109.77 per barrel. Similarly, US West Texas Intermediate (WTI) crude saw a massive dip of nearly $20 per barrel. The volatility was primarily linked to the closure of the strategic Strait of Hormuz by Iran, a critical maritime route responsible for one-fifth of the world\u2019s daily oil consumption.<\/p>\n\n\n\n<p>The supply bottleneck in March had caused oil prices to spike by 50%, leading to an energy crisis in several countries, including India. While fuel prices in India remained relatively stable, the global surge threatened a massive inflationary wave. With the ceasefire now in place and the potential reopening of the Strait of Hormuz, the supply chain is expected to normalize, bringing much-needed stability to the global economy and fuel consumers worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global energy market witnessed a major sigh of relief on Wednesday as crude oil prices plummeted by nearly 15% immediately after the US-Iran ceasefire was announced. Following US President Donald Trump\u2019s declaration of a two-week pause in military operations, Brent Crude oil prices dropped significantly, falling below the $100 mark to reach $95 per [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":214828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-214827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil Prices Crash! Global Crude Plunges 15% Following US-Iran Ceasefire Announcement - Ekjhalak English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsfed.in\/english\/oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Prices Crash! Global Crude Plunges 15% Following US-Iran Ceasefire Announcement - Ekjhalak English\" \/>\n<meta property=\"og:description\" content=\"The global energy market witnessed a major sigh of relief on Wednesday as crude oil prices plummeted by nearly 15% immediately after the US-Iran ceasefire was announced. Following US President Donald Trump\u2019s declaration of a two-week pause in military operations, Brent Crude oil prices dropped significantly, falling below the $100 mark to reach $95 per [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newsfed.in\/english\/oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement\/\" \/>\n<meta property=\"og:site_name\" content=\"Ekjhalak English\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-08T06:36:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newsfed.in\/english\/wp-content\/uploads\/2026\/04\/chgfhg-47.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newsfed.in\\\/english\\\/oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newsfed.in\\\/english\\\/oil-prices-crash-global-crude-plunges-15-following-us-iran-ceasefire-announcement\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/newsfed.in\\\/english\\\/#\\\/schema\\\/person\\\/2675bfb1eca0a20263624f94dfec6582\"},\"headline\":\"Oil Prices Crash! 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