Business · 14 April 2026
Oil dropped 6% and fell below $94. Markets are betting the blockade forces a deal
Unsplash / Orkhan Farmanli
US crude fell nearly 6% on Monday and slipped below $94 a barrel as investors bet the blockade will pressure Iran back to the table. If talks resume this week and a deal is reached before the ceasefire expires, the energy crisis begins to unwind. Bitcoin rallied past $74,000 on the same optimism. But Tehran has not confirmed it will return.
Reported by CNN / CNBC · How we write briefs