--- title: "Oil prices dip in short term, Trump to consider ceasefire after Strait of Hormuz reopening" type: "News" locale: "en" url: "https://longbridge.com/en/news/281370531.md" description: "Brent crude fell $1.25/barrel in 5 minutes to $100.65/barrel; WTI crude fell $1.11/barrel in 5 minutes to $98.88/barrel. Trump said a ceasefire would be considered after the Strait of Hormuz is reopened" datetime: "2026-04-01T12:47:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281370531.md) - [en](https://longbridge.com/en/news/281370531.md) - [zh-HK](https://longbridge.com/zh-HK/news/281370531.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281370531.md) | [繁體中文](https://longbridge.com/zh-HK/news/281370531.md) # Oil prices dip in short term, Trump to consider ceasefire after Strait of Hormuz reopening Brent crude fell $1.25/barrel in 5 minutes to $100.65/barrel; WTI crude fell $1.11/barrel in 5 minutes to $98.88/barrel. Trump said a ceasefire would be considered after the Strait of Hormuz is reopened. ### Related Stocks - [BP p.l.c. (BP.UK)](https://longbridge.com/en/quote/BP.UK.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [iShares US Oil Equipment & Services ETF (IEZ.US)](https://longbridge.com/en/quote/IEZ.US.md) - [ProShares UltraShort Bloomberg Crude Oil (SCO.US)](https://longbridge.com/en/quote/SCO.US.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES.US)](https://longbridge.com/en/quote/XES.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [Occidental Petroleum Corporation (OXY.US)](https://longbridge.com/en/quote/OXY.US.md) - [Vanguard Energy ETF (VDE.US)](https://longbridge.com/en/quote/VDE.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/en/quote/CRAK.US.md) ## Related News & Research - [Trump says Iran has asked for a ceasefire, US wants to see Hormuz open first](https://longbridge.com/en/news/281390478.md) - [Oil up over 1% as Mideast uncertainty keeps market jittery](https://longbridge.com/en/news/281301508.md) - [CL Futures: Navigating the Storm — Key Levels to Watch as Oil Markets Digest War, Reserves, and Ceasefire Hopes](https://longbridge.com/en/news/280788738.md) - [FACTBOX-What G7 countries are doing to cap energy prices](https://longbridge.com/en/news/281018590.md) - [FACTBOX-Some trades ahead of Trump policy moves raise questions](https://longbridge.com/en/news/281058058.md)