LBCI

US oil benchmark plunges 7% on Trump's two-week delay on Iran attack

World News

07-04-2026 | 18:58

Share

Share

US oil benchmark plunges 7% on Trump's two-week delay on Iran attack

The U.S. oil benchmark plunged nearly seven percent on Wednesday after President Donald Trump announced a two-week delay of his threatened mass wave of strikes against Iran.

A barrel of West Texas Intermediate (WTI) was trading around $105.12 at 2245GMT, just a few minutes after opening lower on hopes of a last-minute U.S.-Iran ceasefire agreement.

AFP

World News

United States

Donald Trump

Iran

Oil

Next

Trump says US will help 'with traffic buildup' in Hormuz Strait

Trump says he has agreed to suspend 'bombing and attack of Iran' for two weeks

Previous

Recommended For You

UK to call for toll-free Strait of Hormuz, wants Lebanon in ceasefire deal

02:19

UK to call for toll-free Strait of Hormuz, wants Lebanon in ceasefire deal

Macron tells Trump and Pezeshkian that ceasefire decision was the best option

17:08

Macron tells Trump and Pezeshkian that ceasefire decision was the best option

White House: Netanyahu expressed support for Trump during phone call

14:02

White House: Netanyahu expressed support for Trump during phone call

First ships pass through Strait of Hormuz since ceasefire

2026-04-08

First ships pass through Strait of Hormuz since ceasefire

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israeli army says Hezbollah anti-tank fighters killed in mosque strike

2026-04-07

Israeli army says Hezbollah anti-tank fighters killed in mosque strike

LBCI sources: Gunfire targets US Embassy in Beirut, no injuries reported

2026-04-08

LBCI sources: Gunfire targets US Embassy in Beirut, no injuries reported

Iran military says to completely close Hormuz if US targets power plants

Middle East News

2026-03-22

Iran military says to completely close Hormuz if US targets power plants

Lebanese Army mourns four soldiers killed in Israeli strikes

05:56

Lebanese Army mourns four soldiers killed in Israeli strikes

Videos

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Most read

24 hours

7 days

Month

Israel says struck hundreds of Hezbollah members in 'surprise' attack across Lebanon

1

Israel says struck hundreds of Hezbollah members in 'surprise' attack across Lebanon

Lebanon declares national day of mourning for victims of Israeli attacks

2

Lebanon declares national day of mourning for victims of Israeli attacks

Vance says up to Iran if it wants truce to 'fall apart' over Lebanon

3

Vance says up to Iran if it wants truce to 'fall apart' over Lebanon

Macron tells Trump and Pezeshkian that ceasefire decision was the best option

4

Macron tells Trump and Pezeshkian that ceasefire decision was the best option

Iran has not pressed for halt to fighting in Lebanon as condition for US ceasefire deal: Sources to Hiba Nasr

5

Iran has not pressed for halt to fighting in Lebanon as condition for US ceasefire deal: Sources to Hiba Nasr

PM Salam: Israeli strikes hit densely populated areas, calls on allies to help end attacks

6

PM Salam: Israeli strikes hit densely populated areas, calls on allies to help end attacks

Israel military says killed secretary to Hezbollah chief in Beirut

7

Israel military says killed secretary to Hezbollah chief in Beirut

White House not concerned about Lebanon triggering Iran ceasefire collapse; Trump, Netanyahu agree fighting may continue: Axios

8

White House not concerned about Lebanon triggering Iran ceasefire collapse; Trump, Netanyahu agree fighting may continue: Axios

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More