Live Update
From the Liveblog of
Friday, April 17, 2026
Oil prices tumble 5% on hopes for US-Iran deal
Oil prices fall sharply as investors awaited news of a possible extension to the Iran-US ceasefire after US President Donald Trump claimed a deal was close.
International benchmark Brent North Sea crude drop five percent to $94.42 a barrel, and the main US oil contract, West Texas Intermediate, sheds five percent to $89.95 per barrel.
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