U.S.-Iran Two-Week Ceasefire Teeters as Brent Plunges From $120 to $90 per Barrel

A two-week ceasefire mediated by Pakistan and brokered by the U.S. and Israel with Iran, which began April 8, wavered by April 18 amid mutual accusations of violations. Brent crude tumbled from $120/barrel at month's start to $90 on April 17. U.S. military command reported turning back 21 vessels since the Strait of Hormuz blockade began, reigniting volatility.