Video: Oil Prices Plunge as Trump Declares 2-Week Ceasefire with Iran
On Wednesday, Brent crude fell to $95.068 per barrel, down from $109.77. US West Texas Intermediate dropped by nearly $20 per barrel.
The moves followed an announcement by President Donald Trump. He declared a two-week pause in strikes on Iran.
Immediate effects on shipping
The pause was tied to the reopening of the Strait of Hormuz. That narrow waterway carries almost one-fifth of the world’s daily oil and gas.
Market reaction
Markets shifted within minutes. Oil prices declined, bond yields fell, and US stocks rose on the news.
Investors took the ceasefire as a signal that disrupted supplies could return to normal. The view eased near-term supply fears after weeks of disruption.
Price snapshot
| Benchmark | Previous | After | Change |
|---|---|---|---|
| Brent crude | $109.77 | $95.068 | -$14.70 |
| WTI | — | — | ≈-$20 |
Coverage and context
A clip titled “Video: Oil Prices Plunge as Trump Declares 2-Week Ceasefire with Iran” circulated online. It captured market moves and official statements.
Filmogaz.com will monitor developments and report further changes in oil markets. Traders and consumers remain attentive to any extension of the pause.
