Brent crude oil futures fell over 4%, dropping below $100 per barrel

AASTOCKS
2026.04.01 07:07

U.S. President Trump stated that the Iran war may soon come to an end, leading to market turmoil and an expansion of declines in oil futures. Brent crude oil fell below $100 per barrel for the first time in a week, currently reported at $99.21 per barrel, down 4.58%. New York crude oil also fell 3.96%, reported at $97.37 per barrel.

The White House announced that U.S. President Trump will deliver a nationwide address at 9 PM Washington time on Wednesday (1st) to explain the latest developments in the Iran war. Trump previously stated that the U.S. expects to end the Iran war in the coming weeks, as it has essentially achieved its military objectives and will leave the task of reopening the Strait of Hormuz to other countries.

In Hong Kong, the "three oil giants" showed mixed developments. CNOOC (00883.HK) is currently reported at HKD 26.82, down 4.21%, with a trading volume of 245 million shares, involving HKD 6.679 billion. PetroChina (00857.HK) is currently reported at HKD 10.6, down 1.4%. Sinopec (00386.HK) is currently reported at HKD 4.6, up 2.45%

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