English Newsletters Events Podcasts Videos Africanews Search

FILE - US President Donald Trump is seen on a screen as traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul. 8 April 2025

Markets

Video. Iran ceasefire effect: Oil plunges as European markets surge

Updated: 08/04/2026 - 13:45 GMT+2

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Read full article

Top stories

Now playing Next

Latest news bulletin | October 23rd, 2026 – Evening

Now playing Next

How this country is diversifying its economy

In partnership with Azpromo

Now playing Next

Tesla profit falls 43% as it explores possible SpaceX merger

Now playing Next

Feeding Our Tomorrow: how India’s women-led, sustainable farming is reaching Europe

Partner content presented by ITPO

Now playing Next

Trump says he has the right to seek a third presidential term

Now playing Next

PHP flaw: Why European websites went dark and what it means for you

Now playing Next

France bolsters security as businesses fear renewed unrest during Saturday protests

Now playing Next

UN chief race enters decisive phase as new contender arrives

Now playing Next

Studio DRIFT makes the invisible force of wind visible in stunning new London installation

Now playing Next

EU vies to expand role in Ukraine-Russia peace talks to influence US thinking

Now playing Next

Kenya: huge piles of rubble after high-rise building collapses

ADVERTISEMENT

ADVERTISEMENT

More from Markets

Markets

Oil prices top $110 as traders weigh Middle East supply risks

Markets

Oil prices drop as stocks rise after Trump touts 'energy ceasefire'

Markets

Euro hits 17-month low as French debt fears mount and Spain heads for snap election

Markets

Oil hovers around $100 as US bonds suffer their worst quarter since 1994

Latest video

Focus

CICA members look to turn regional dialogue into action

EU News

Melania Trump secures ceasefire in Russian-occupied Ukrainian city of Oleshky, White House says

No Comment

Storm Austen batters France and UK with winds of up to 160 km/h

Culture Series

A rhythmic gymnast’s journey from childhood dream to national pride

Made in Europe

E9X: The battery-powered plane with 90 passengers on board and a range of 1,000 kilometres

No Comment

France: shops barricaded in Lyon and Orléans for possible unrest

World News

Trapped miner in coal mine in Turkey confirmed dead, bringing death toll to three

Uzbekistan

From education to cancer care: Global summit calls for better support for children

ADVERTISEMENT

Europe News

Macron denounces deadly shooting near Paris as 'racist terrorist attack'

No Comment

Gaza: Moment Israeli airstrike hits building in Nuseirat caught on camera

EU News

Starlink restrictions not lifted in Ukraine despite Trump's claims, defence officials say

USA

Trump says he has the right to seek a third presidential term

Culture news

Tributes paid to actor Tom Skerritt as star of Alien and Top Gun dies aged 93

Australia

Flash floods swamp southeast Australia as record October rainfall forces school closures

Cinema

Euronews Culture's Film of the Week: 'Clayface' – Gloopy, gruesome, but not quite great

No Comment

Albania: Parliament descends into chaos as MPs clash over protests

ADVERTISEMENT

ADVERTISEMENT