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Get the free app no ads · no paywallIsrael Iran War · 8 April 2026
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The cost of energy fell as oil prices dropped and stock markets rose sharply. US President Donald Trump announced a two-week conditional ceasefire with Iran on Tuesday night, after Iran's foreign minister agreed to reopen the Strait of Hormuz for the same period. Brent crude oil dropped 14.4% to $93.48 a barrel, while Japan's Nikkei surged more than 4%.
Reported by The Guardian · How we write briefs
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