{
    "success": true,
    "data": {
        "id": 1663299,
        "msgid": "oil-prices-plunge-below-us-100-market-reverses-direction-1775627520",
        "date": "2026-04-08 11:45:56",
        "title": "Oil Prices Plunge Below US$100, Market Reverses Direction",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Global oil prices experienced a sharp decline on Wednesday morning (8\/4\/2026) Indonesian time, dropping below the psychological US$100 per barrel level following a geopolitical de-escalation in the Middle East. US President Donald Trump approved a two-week halt to attacks on Iran, coupled with Tehran's commitment to secure the Strait of Hormuz, which alleviated supply disruption fears and erased recent gains of over US$14 per barrel in less than 24 hours. This reversal highlights the market's sensitivity to regional stability, with around 20% of global oil supply passing through the strait, potentially leading to further price pressure if the agreement holds or renewed volatility if it falters.",
        "content": "<p>Jakarta, CNBC Indonesia - Global oil prices plummeted sharply during\ntrading on Wednesday morning (8\/4\/2026) Indonesian time, dragging prices\nback below the psychological US$100 per barrel level. According to\nRefinitiv, as of 09.40 WIB, Brent was at US$95.22 per barrel, while WTI\nstood at US$96.39 per barrel. This decline felt stark in contrast to the\nprevious day\u2019s positions. On Tuesday (7\/4\/2026), Brent was still at\nUS$109.27 and WTI at US$112.95. That means, in less than 24 hours,\nprices corrected by more than US$14 per barrel. This movement erased the\ngains that had formed since the end of March. On 31 March, Brent had\ntouched US$118.35, then held above US$109 throughout early April. Now,\nthe entire surge has vanished in one swift correction phase. The main\ntrigger came from geopolitical developments in the Middle East. Donald\nTrump approved the cessation of attacks on Iran for two weeks. That\nagreement was accompanied by Tehran\u2019s commitment to open a safe passage\nin the Strait of Hormuz. The market responded quickly. Previously, the\nrisk of supply disruptions from the region had driven prices high.\nAround 20% of global oil supply passes through the Strait of Hormuz, so\nevery direct threat is reflected in prices. With that route now promised\nto be safe, the risk premium evaporated immediately. Oil contracts fell\nmore than 15% in international trading after the ceasefire announcement\nemerged. Before the agreement was reached, the situation had heated up.\nThreats of major attacks and disruptions to commercial ships caused oil\nflows to be interrupted. It was even described as one of the largest\nsupply disruptions in history. Now, the market\u2019s direction depends on\non-the-ground implementation. If the Hormuz route truly returns to\nnormal, downward price pressure remains open. However, if the agreement\nwavers, volatility could re-emerge in a short time.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/oil-prices-plunge-below-us-100-market-reverses-direction-1775627520",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}