Oil Prices Remain High Despite Trump's Pause on Iran Strikes

• Crude oil prices stay elevated even after US President Donald Trump extends pause on attacking Iran's energy infrastructure.
• West Texas Intermediate (WTI) saw a slight drop after Trump announced a 10-day extension to April 6, based on Iran's request.
• Brent crude May contracts closed at $108 a barrel, while June contracts were near $102 a barrel.
• Oil prices rallied sharply in March due to the US-Iran conflict, impacting the West Asia region and restricting energy flows through the Strait of Hormuz.
• US crude prices surged by almost 40% in March, leading to concerns about global inflation and economic slowdown.