4/8/2026 – Oil Prices Drop and Stock Prices Rise

This entry was posted in 2026 Events, Highlights and Headlines Oilfield and Safety on by
US stock surged on Wednesday, while oil prices cratered (from $117 Tuesday to $91 Wednesday morning) amid relief after the US and Iran agreed to a two-week ceasefire that was announced 4/7/2026.

4/13/2026 – Oil prices surge past $103 a barrel after US announces blockade of Iran

Asian stocks fall as naval blockade threat injects new turmoil into financial markets.

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Oil tankers and cargo ships line up in the Strait of Hormuz, as seen from Khor Fakkan, the United Arab Emirates, on March 11, 2026 [Altaf Qadri/AP]

Oil prices have risen sharply following US President Donald Trump’s announcement of a naval blockade of Iran.

Brent crude, the international benchmark, rose more than 8 percent on Sunday to top $103 a barrel.

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