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Oil Prices Drop After Trump Announces US-Iran Ceasefire

4/25/2026

Summary

Story summary

Oil prices fell after President Donald Trump announced a U.S.-Iran ceasefire on April 7.
Goldman Sachs linked the drop to a risk premium, destocking and moderated spot buying.
Facet CIO Tom Graff warned gas prices could pressure President Trump to end the war.
William Blair analyst Neal Dingmann said firms have not added rigs, suggesting short-term disruption.
Macquarie strategist Vikas Dwivedi noted pre-war supplies and a global surplus have cushioned futures.

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Story summary

Oil prices fell after President Donald Trump announced a U.S.-Iran ceasefire on April 7.
Goldman Sachs linked the drop to a risk premium, destocking and moderated spot buying.
Facet CIO Tom Graff warned gas prices could pressure President Trump to end the war.
William Blair analyst Neal Dingmann said firms have not added rigs, suggesting short-term disruption.
Macquarie strategist Vikas Dwivedi noted pre-war supplies and a global surplus have cushioned futures.