Oil Prices Plummet After Iran Ceasefire

0:00It's April 8th. Tampa Bay News Today starts now, AI powered and ready. I'm Cory with the story. Oil prices just crashed below 100 of barrel minutes after President Trump announced the temporary ceasefire with Iran. This deal hit the markets hard, easing fears of more disruptions in a key shipping area. Earlier this week on Tuesday evening, the U.S. agreed to pause attacks on Iran for two weeks. In return, Iran committed to fully re-opening the straight-of-form moves that vital waterway for global oil flow. Drivers everywhere are feeling the pinch, with gas prices jumping another 14 cents per gallon just last week. Everyone's hoping this drop sticks around and brings some real relief at the pump, even if we're nowhere near pre-conflict lows yet. The U.S. also got a 10-point peace plan from Iran, which Trump called a solid starting point for a longer-term agreement. The markets are volatile prices could bounce right back if tensions flare up again. For now, keep an eye on those pumps and the headlines.

1:00This ceasefire might just cool things down for all of us.