Trump Temporarily Halts Action Against Iran for Two Weeks; WTI Drops Nearly 7% on Opening
US President Trump announced a two-week suspension of military action against Iran, conditional on Iran immediately opening the Strait of Hormuz. Following this announcement, West Texas Intermediate (WTI) crude oil prices dropped sharply by nearly 7% shortly after the market opened.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 08:50
- 🔍 Collected: April 8, 2026 at 09:00 (10 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:39 (292h 39m after Collected)
According to Agence France-Presse, at 10:45 PM US Eastern Time, West Texas Intermediate (WTI) crude oil was trading at approximately $105.12 per barrel. Hours before the ultimatum expired, Trump announced that he agreed to a two-week suspension of bombing and attack actions against Iran, provided that Iran fully opens the Strait of Hormuz. Oil prices dropped sharply within minutes of the market opening. (Compiled by Cai Jiaping) 1150408