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Oil, gas prices plunge as US, Iran agree 2-week truce

By Frank Prenesti

Date: Wednesday 08 Apr 2026

(Sharecast News) - Oil prices plunged on Wednesday after the US and Iran agreed a two-week conditional ceasefire that included the re-opening of the vital Strait of Hormuz waterway after a last-minute diplomatic intervention by Pakistan.
The truce came after US President Donald Trump called for Tehran to capitulate or face...

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