The announcement of a ceasefire between the United States and Iran, driven by President Donald Trump, has caused a real earthquake in international energy markets. The Brent barrel plummeted by 12,55%, standing at 95,53 dollars in the London futures market, according to 'Bloomberg' data.
The fall was even more pronounced during the early hours, when crude oil lost up to a 16% of its value, touching a low of 91.70 dollars per barrel. This decline occurs after Brent closed the previous day at 109.27.
Texas Intermediate crude (WTI), a benchmark in the United States, also registered sharp declines before the official market opening. The barrel fell by 14.48%, to 94.9 dollars, in line with the global bearish trend after the truce announcement. Investors interpret that the reduction in the risk of supply disruption will ease tensions on global supply.
The ceasefire agreement, announced by Trump on social media hours before the US ultimatum expired, contemplates a truce of two weeks during which both parties will negotiate a possible peace agreement in Pakistan's capital, as neutral ground. The president assured that the possibility of a “definitive” pact is in a “very advanced” phase and defended that the United States has “met and exceeded all military objectives.”
For his part, the Iranian Foreign Minister, Abás Araqchí, confirmed that during this period "safe passage" would be guaranteed through the strategic Strait of Hormuz, key for global oil and gas transport. This commitment has been decisive for the sharp reaction of the markets, which anticipate a normalization of energy flow.
The impact has also spread to natural gas in Europe. The price for one-month delivery in the Dutch TTF market plummeted by 19.6%, to 42.8 euros per megawatt hour (MWh). This level approaches the 31.6 euros recorded on February 27, before the escalation of the conflict. During the weeks of tension, gas soared to 72 euros.
