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Back|Oil prices drop and global stock markets rally on US-Iran ceasefire
Oil prices drop and global stock markets rally on US-Iran ceasefire
BREAKING
Sky News Business·4/13/2026·Business·🇬🇧United Kingdom

Oil prices drop and global stock markets rally on US-Iran ceasefire

Benchmark Brent crude falls below $100 as the Strait of Hormuz reopens, easing inflation concerns

Quick Look

  • Oil prices have plummeted 14% and global stock markets have surged following a two-week ceasefire between the US and Iran.
  • The reopening of the Strait of Hormuz has eased supply fears, though energy costs remain significantly higher than pre-war levels.

AI-generated summary

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Oil prices have plummeted 14% and global stock markets have surged following a two-week ceasefire between the US and Iran. The reopening of the Strait of Hormuz has eased supply fears, though energy costs remain significantly higher than pre-war levels.

Read the full article on Sky News Business

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This article was originally published by Sky News Business.

Quick Look

  • Oil prices have plummeted 14% and global stock markets have surged following a two-week ceasefire between the US and Iran.
  • The reopening of the Strait of Hormuz has eased supply fears, though energy costs remain significantly higher than pre-war levels.

AI-generated summary

Story signals

News tone
Positive outcome
News value
High
Global impact
Global
Urgency
Breaking
Follow-up likelihood
Certain
Relevance window
Weeks

Source & Reliability

Source
Sky News Business
Published
4/13/2026
Last updated
5/15/2026

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