Oil dives below $100, rand hits best level in a month after ceasefire

Author: news24.comPublished on: April 8, 2026Country: United States

PoliticsBusiness & Economy

Oil dives below $100, rand hits best level in a month after ceasefire

US President Donald Trump agreed to a ceasefire with Iran less than two hours before the deadline for the country to reopen the strait or face devastating attacks on its civilian infrastructure. This decision led to oil prices diving below $100. Meanwhile, the South African rand hit its best level in a month.

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