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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

Oil prices move in different directions

Oil prices fall again on global markets

Azerbaijan, Uzbekistan sign new cooperation documents

Azeri Light crude rises to $97.12 per barrel

Russia sends wheat, propane to Armenia via Azerbaijan

Azeri light climbs to $96.68 per barrel

Oil prices continue to rise in global markets

Oil prices continue to rise

Oil prices continue to rise on global markets

Azerbaijan’s gas transit via trunk pipelines up 2.4%

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