ME conflict: Oil price fell below US$100/bbl following ceasefire agreement, rose marginally on breach Oil prices plunged below $100/bbl after the US and Iran agreed to a two-week ceasefire on 7 April, easing fears of prolonged supply disruption. Brent fell as much as 16% before trading around $94/bbl, according to ING Think, ING Global Markets Research.
ME conflict: Oil price fell below US$100/bbl following ceasefire agreement, rose marginally on breachOil prices plunged below $100/bbl after the US and Iran agreed to a two-week ceasefire on 7 April, easing fears of prolonged supply disruption. Brent fell as much as 16% before trading around $94/bbl, according to ING Think, ING Global Markets...09 Apr 2026
ME conflict: IEA, IMF and World Bank form group to coordinate response to energy and economic impacts07 Apr 2026