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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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U.S. crude oil prices fell below $100 a barrel, while gold rose by about $140 per ounce in early trading on April 8.
At the open on April 8, U.S. West Texas Intermediate (WTI) crude traded as low as $91.64 a barrel before hovering around $96. Brent crude fell about 15% to around $93.
The market moved lower after U.S. President Donald Trump said he would accept a two-week ceasefire with Iran, conditional on Tehran reopening the Hormuz Strait. Iran’s Supreme National Security Council said it approved the ceasefire.
Iranian Foreign Minister Abbas Araghchi said passage through the Hormuz Strait would be allowed for two weeks under Iranian military oversight. He added that Iran would stop attacking if military actions against it end. State media reported that talks with the U.S. were held in Pakistan on April 10.
The announcements came less than two hours before the deadline of the U.S. ultimatum to Iran. Under the ultimatum, Gulf states must reach an agreement to reopen the Hormuz Strait by 8:00 p.m. Eastern Time (7:00 a.m. Hanoi time on April 8) to avoid civil infrastructure being damaged.
The Middle East conflict has lasted more than a month, disrupting about 20% of global oil and LNG flows as the Hormuz Strait is blocked. Global prices for crude oil, jet fuel, diesel, and gasoline rose accordingly, and oil had briefly neared $120 a barrel earlier this month.
In the gold market, world gold prices rose by $137 to $4,849 per ounce.
Prices increased as expectations of central banks cutting interest rates improved. The precious metal had faced pressure earlier as the conflict kept global inflation elevated, leading countries to hesitate to ease monetary policy. Since the conflict began, prices have fallen about 10%.
Traders were also looking ahead to the release of the Federal Reserve’s March meeting minutes. On the physical side, China’s central bank continued to buy gold reserves for the 17th consecutive month.
Silver, platinum and palladium gained 1-2% from the previous day.
Hà Thu (via CNBC, Reuters).

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