Oil falls below $100 and shares jump on hopes Iran war will end soon
The price of Brent crude oil for delivery in June was trading around 5% lower at about $98.65 a barrel. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Oil prices have fallen below $100 a barrel and Asian shares have surged following President Donald Trump's statement that the US will withdraw from Iran in "two to three weeks," irrespective of a deal.
- Brent crude oil for June delivery traded down around 5% at approximately $98.65 a barrel.
- Key figures include President Donald Trump and Iranian President Masoud Pezeshkian.
- The price drop comes after a record 64% jump in March, driven by fears of disruption to the Strait of Hormuz.
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Oil falls below $100 and shares jump on hopes Iran war will end soon - April 2026
Oil prices have fallen below $100 a barrel and Asian shares have surged following President Donald Trump's statement that the US will withdraw from Iran in two to three weeks, irrespective of a deal. South Africa has announced significant fuel price hikes effective midnight, with petrol and diesel set to rise sharply due to escalating global oil prices and a weakening rand. In a separate development, a crucial deal between the Kenyan government and Saudi Arabian firm Saudi Aramco to supply cheaper cooking gas has collapsed, delaying plans to expand the country's liquefied petroleum gas (LPG) infrastructure and lower prices.
