{"id":108186,"date":"2026-04-17T15:56:09","date_gmt":"2026-04-17T10:56:09","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=108186"},"modified":"2026-04-17T15:56:09","modified_gmt":"2026-04-17T10:56:09","slug":"oil-prices-dip-amid-middle-east-ceasefire-hopes","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/oil-prices-dip-amid-middle-east-ceasefire-hopes\/","title":{"rendered":"Oil prices dip amid Middle East ceasefire hopes"},"content":{"rendered":"<p>ISLAMABAD: Oil prices fell on Friday, April 17, amid hopes that tensions in the <a href=\"https:\/\/dailyausaf.com\/en\/world\/putin-offers-mediation-as-masoud-pezeshkian-discusses-middle-east-peace-efforts\/\">Middle East<\/a> could ease after a reported ceasefire between Israel and Lebanon and the possibility of new talks between the United States and Iran.<\/p>\n<p>Brent crude fell 0.61 percent to $98.78 a barrel, while U.S. West Texas Intermediate fell 0.94 percent to $93.8, according to Reuters.<\/p>\n<p>The decline followed news that a 10-day ceasefire between Israel and Lebanon had come into effect, as well as comments by U.S. President Donald Trump that Washington and Tehran could hold talks this weekend.<\/p>\n<p>\u201cWe are very close to making a deal with Iran,\u201d Trump told reporters on Thursday.<\/p>\n<p>The dispute has disrupted global oil markets, with the Strait of Hormuz \u2013 a key shipping route \u2013 closed for weeks, affecting a significant portion of global supply.<\/p>\n<h3>The ceasefire remains uncertain<\/h3>\n<p>Trump said the 10-day ceasefire would begin at 5 p.m. Eastern Time on Thursday after talks with Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu, although neither Israel nor Lebanon have confirmed specific terms.<\/p>\n<p>Despite Trump\u2019s announcement, uncertainty remains over the ceasefire and broader negotiations.<\/p>\n<p>According to Politico, Trump has pushed for a temporary ceasefire between Israel and Lebanon as part of his efforts to advance talks with Iran, even as the talks remain far from a comprehensive agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Oil prices fell on Friday, April 17, amid hopes that tensions in the Middle East could ease after a reported ceasefire between Israel and Lebanon and the possibility of new talks between the United States and Iran. Brent crude fell 0.61 percent to $98.78 a barrel, while U.S. West Texas Intermediate fell 0.94 percent [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":78434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[1945,7364],"class_list":["post-108186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world","tag-middle-east","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/108186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=108186"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/108186\/revisions"}],"predecessor-version":[{"id":108193,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/108186\/revisions\/108193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/78434"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=108186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=108186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=108186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}