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Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure

World News

23-03-2026 | 09:13

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Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure

Oil prices fell by over 13% on Monday after U.S. President Donald Trump said he would ⁠order the military to postpone any strikes against Iranian power plants and energy infrastructure.

Brent crude futures had fallen around $17, or 15% ⁠to a session low of $96 a barrel by 1108 GMT ⁠while U.S. West Texas Intermediate had fallen $13, or ⁠about 13.5%, to a session ⁠low of $85.28.

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