Oil prices plunge below $100 after Iran agrees to safe passage through Strait of Hormuz during ceasefire

President Donald Trump agreed to the ceasefire with Iran after discussions with Pakistan Prime Minister Shehbaz Sharif.

# Oil prices plunge below $100 after Iran agrees to safe passage through Strait of Hormuz during ceasefire President Donald Trump agreed to the ceasefire with Iran after discussions with Pakistan Prime Minister Shehbaz Sharif. **Read the full article:** [CNBC](https://www.cnbc.com/2026/04/07/oil-prices-iran-war-trump-deadline-strait-hormuz.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*