SMH · general
Ceasefire a welcome development, no matter how shaky
4 hours ago
On April 8, 2026, U.S. President Donald Trump announced a two-week ceasefire with Iran, contingent on reopening the Strait of Hormuz. Despite continued tensions, the ceasefire led to a 15% drop in Brent oil prices, with Prime Minister Anthony Albanese calling it a step toward de-escalation of a conflict impacting 20% of global oil supplies.
Summary by Glance · Original reporting by SMH
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