Oil's biggest one-day crash since 1991—and the ceasefire causing it was already unraveling when markets opened.

Missiles were still hitting the UAE and Israel as Iran declared a halt. Abu Dhabi's Habshan gas facility caught fire after the announcement. The ceasefire's Farsi version included nuclear enrichment language the English text omitted.

What the deal does deliver: Hormuz "open" at $2 million per escorted transit, with US- and Israeli-linked ships barred.

https://euromaidanpress.com/2026/04/08/us-iran-ceasefire-oil-price-hormuz-russia-ukraine/