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Oil prices plunge after US-Iran ceasefire

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Oil prices plunge after US-Iran ceasefire

Oil prices on global markets have sharply fallen following the ceasefire agreement reached between the U.S. and Iran.

Axar.az informs that Brent crude is currently trading at $95.04 per barrel, while light crude is at $96.72 per barrel.

For comparison, yesterday Brent was priced at $111.70 per barrel and light crude at $116.44 per barrel.

Additionally, the price of one barrel of Azerbaijan’s Azeri Light crude dropped by $1, or 0.7%, to $140.68 yesterday.

Date
2026.04.08 / 12:24
Author
Axar.az
See also

Azeri Light oil rises to $115.89

Brent rises above $109 as oil climbs

Germany’s share in Azerbaijan trade stands at 3.14%

Czechia to buy 2bcm of gas annually from Azerbaijan

Azerbaijan-Czechia business forum held in Gabala

Oil prices rise again in global markets

Oil prices fall on global markets

Oil prices climb amid Middle East tensions

Azeri Light rises to $113.11 per barrel

Azerbaijan’s foreign debt reduction plan being implemented

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