US and Iran agree two-week ceasefire as oil crashes 16%
2026-04-09 09:47:19 source:CGTN
April 8, 2026
The US and Iran agreed a two-week ceasefire less than two hours before Trump's deadline; Trump declared it "total and complete victory."
Iran's Supreme National Security Council declared a "historic and crushing defeat" of the US and Israel, saying Washington had been forced to accept Tehran's 10-point terms including a permanent ceasefire, sanctions removal, and US troop withdrawal from the region.
Oil fell 16% — the largest single-day drop since the Gulf War of 1991 — with Brent dipping below $95 a barrel; Asian stocks surged up to 6%.
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