{
    "success": true,
    "data": {
        "id": 1671872,
        "msgid": "global-oil-prices-plunge-below-us-100-level-whats-happening-this-time-1775926257",
        "date": "2026-04-11 23:23:08",
        "title": "Global Oil Prices Plunge Below US$100 Level, What's Happening This Time?",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Energy",
        "summary": "Global oil prices have fallen below the psychological US$100 per barrel mark amid ongoing tensions around the Strait of Hormuz, despite a temporary ceasefire between the US and Iran. Disruptions to oil shipments through the strait, which handles about 20% of the world's supply, combined with attacks on Saudi energy infrastructure, are exacerbating supply shortages and driving price volatility. US President Donald Trump has warned Iran against imposing fees on tankers, while experts highlight the critical need for restored distribution to stabilise the market.",
        "content": "<p>Jakarta \u2013 Global oil prices weakened, dropping below the\npsychological US$100 per barrel level during trading on Friday, 10 April\n2026. The correction occurred amid high tensions around the Strait of\nHormuz, even as the United States (US) and Iran have agreed to a\ntemporary ceasefire.<\/p>\n<p>Oil shipments through that route have not fully recovered and are\nreported to remain very limited. Prior to the escalation of the\nconflict, the Strait of Hormuz served as a sea route distributing around\n20 per cent of the world\u2019s oil supply.<\/p>\n<p>Quoting CNBC International, West Texas Intermediate (WTI) crude for\nMay delivery fell 1.5 per cent to US$96.37 or Rp1.64 million (estimated\nexchange rate of Rp17,090 per US dollar) per barrel. The plunge in the\nUS benchmark crude price came after it had breached US$100 in the\nprevious session.<\/p>\n<p>Meanwhile, Brent crude for June delivery dropped 1.3 per cent to\nUS$94.69 or Rp1.61 million per barrel.<\/p>\n<p>US President Donald Trump has intensified pressure on Iran. He warned\nTehran against charging fees on tankers passing through the Strait of\nHormuz, which risks violating the two-week ceasefire opportunity.<\/p>\n<p>\u201cIran seems unaware that they have no cards left, except for\nshort-term blackmail against the world by exploiting international\nwaters,\u201d Trump stated in his post on Truth Social.<\/p>\n<p>White House economic adviser Kevin Hassett assessed that smooth oil\ndistribution is a crucial factor in balancing the market. According to\nhim, one successful tanker crossing the Strait of Hormuz could make a\nsignificant contribution to the currently missing supply.<\/p>\n<p>However, on-the-ground conditions are still far from normal. CEO of\nDUCAT Maritime, Adrian Beciri, described the situation in the Strait of\nHormuz as highly chaotic, forcing several ships to take alternative\nroutes closer to Iran\u2019s coastline, with dramatically soaring costs.<\/p>\n<p>\u201cHonestly, the situation is very chaotic. There is no clear way to\ncross the Strait of Hormuz. There isn\u2019t even a definite communication\nchannel with Iran to arrange shipping,\u201d Beciri said.<\/p>\n<p>In addition to distribution disruptions, pressure on energy prices is\ncoming from the production side. Attacks on Saudi Arabia\u2019s energy\ninfrastructure, targeting key facilities such as the Manifa and Khurais\noil fields, as well as several refineries, are further worsening the\nglobal supply situation.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-oil-prices-plunge-below-us-100-level-whats-happening-this-time-1775926257",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}