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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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https://newseu.cgtn.com/news/2026-04-08/US-and-Iran-agree-two-week-ceasefire-as-oil-crashes-16--1Mb2x09RJ5K/p.html