# Oil tumbles below $100 after Trump announces two-week ceasefire | Reuters

> Oil prices fell below $100 a barrel after President Trump announced a two-week ceasefire with Iran. The deal followed weeks of conflict that had largely disrupted flows through the Strait of Hormuz.

- Date: 2026-04-07 · published 2026-04-07T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/6897-oil-tumbles-below-100-after-trump-announces-two-week-ceasefire-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A ceasefire that may restore Gulf crude flows removes part of the war risk premium, which lowers crude costs and eases pressure on energy-linked feed inputs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-04-08 | 1 | -11.6% | -3.2 | Oil fell below $100 as the ceasefire was announced, reflecting expectations of restored Hormuz flows (supply-side relief). |
| WTI | 2026-04-09 | 5 | -12.5% | -3.1 | Oil fell below $100 after Trump announced the ceasefire, which started the sell-off (supply-risk relief). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -13.7% | -8.7% |
| BRENT | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -13.7% | -8.7% |
| BRENT | 2026-04-08 | [WTI at $94 as Oil Tumbles Amid Tenuous Iran Ceasefire](https://feedsoft.ai/events/6902-wti-at-94-as-oil-tumbles-amid-tenuous-iran-ceasefire.md) | -13.7% | -8.7% |
| BRENT | 2025-06-23 | [Cease-Fire Announcement Sends Oil Prices Even Lower](https://feedsoft.ai/events/9999-cease-fire-announcement-sends-oil-prices-even-lower.md) | -11.9% | -9.9% |
| BRENT | 2026-04-10 | [Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 \| Reuters](https://feedsoft.ai/events/6898-oil-ends-lower-ahead-of-u-s-iran-ceasefire-talks-posts-steepest-weekly-loss.md) | +0.8% | -5.5% |
| WTI | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -18.9% | -8.3% |
| WTI | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -18.9% | -8.3% |
| WTI | 2026-04-08 | [WTI at $94 as Oil Tumbles Amid Tenuous Iran Ceasefire](https://feedsoft.ai/events/6902-wti-at-94-as-oil-tumbles-amid-tenuous-iran-ceasefire.md) | -18.9% | -8.3% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-crude-futures-fall-1204-10090bbl-after-trump-announces-two-week-ceasefire-2026-04-07/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.