Day 40: Oil Crashes 15%, Hormuz Blocked Again, Ceasefire Collapses episode artwork

EPISODE · Apr 8, 2026 · 20 MIN

Day 40: Oil Crashes 15%, Hormuz Blocked Again, Ceasefire Collapses

from The Iran War Report

Crude oil plunged over 15% in a single session after ceasefire rumors swept markets — then Iran's IRGC halted all tanker traffic at the Strait of Hormuz within hours of the deal's announcement. Defense Secretary Pete Hegseth called it a "historic victory" while Iran's foreign ministry claimed they forced America to back down — and Israel kept bombing Beirut anyway. The two-week ceasefire brokered by Pakistan may be dead before delegations ever reach Islamabad. Today's briefing covers what happened, what it means, and what people are actually saying — in 20 minutes. Listen now. You'll be on the frontlines of monitoring the situation.

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Day 40: Oil Crashes 15%, Hormuz Blocked Again, Ceasefire Collapses

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