The Age · general
Why Trump may have changed the world’s oil markets forever
1 hour ago
Donald Trump announced a ceasefire in Iran on April 8, 2026, leading to a significant drop in oil prices. West Texas Intermediate (WTI) prices surged above Brent Crude, marking an inversion not seen since May 2022, as global supply disruptions diminished competition. With 10 million barrels per day off the market, the impact on global oil availability is pronounced.
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Summary by Glance · Original reporting by The Age
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