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Oil slides after US-Iran ceasefire deal to open Strait of Hormuz

April 8, 2026
in Business
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Oil slides after US-Iran ceasefire deal to open Strait of Hormuz
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In a social media post on Tuesday evening, Trump said: “I agree to suspend the bombing and attack of Iran for a period of two weeks… subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”.

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US and Iran agree 2-week ceasefire that will open Strait of Hormuz

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