Oil Price Today (April 8): Crude oil price crashes 15% as Trump agrees 2-week ceasefire with Iran. What are experts saying?

April 8, 2026

Brent Crude oil price: Oil prices plummeted below $100 a barrel following President Trump’s announcement of a two-week ceasefire with Iran, contingent on the safe reopening of the Strait of Hormuz. This development, averting a potential escalation, saw Brent crude fall to $94.43 and WTI to $96.82.

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Silver rockets Rs 13,500/kg, gold gains Rs 3,700/10 gms as Iran war ceasefire lifts inflation worries. Right time to buy?

Gold and silver prices surged on Wednesday, mirroring global gains as U.S. President Trump’s ceasefire with Iran eased inflation fears. MCX silver futures jumped 6%,

April 8, 2026

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