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

Britain's King Charles arrives in US for state visit

15:05

Britain's King Charles arrives in US for state visit

White House says press dinner shooting was third major assassination attempt against Trump

14:36

White House says press dinner shooting was third major assassination attempt against Trump

Trump discussed new Iran proposal with national security aides on Monday: White House

14:08

Trump discussed new Iran proposal with national security aides on Monday: White House

Putin tells Iran FM Moscow will do 'everything' to help secure Mideast peace

09:25

Putin tells Iran FM Moscow will do 'everything' to help secure Mideast peace

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Iran FM says Islamic republic is 'stable, solid' in meeting with Putin

Middle East News

10:54

Iran FM says Islamic republic is 'stable, solid' in meeting with Putin

President Joseph Aoun discusses Lebanon developments with officials

02:57

President Joseph Aoun discusses Lebanon developments with officials

German foreign minister: We need deterrence in face of nuclear threats

06:11

German foreign minister: We need deterrence in face of nuclear threats

MEA adjusts flight schedules for March 3 and 4 amid regional airspace closures

2026-03-03

MEA adjusts flight schedules for March 3 and 4 amid regional airspace closures

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

Lebanon’s president says Beirut seeks end to war with Israel, not ‘humiliating’ deal

1

Lebanon’s president says Beirut seeks end to war with Israel, not ‘humiliating’ deal

Lebanon's leadership split widens over direct talks with Israel

2

Lebanon's leadership split widens over direct talks with Israel

Lebanon’s central bank outlines priorities, reaffirms monetary stability as top priority

3

Lebanon’s central bank outlines priorities, reaffirms monetary stability as top priority

Deadly drone ambushes in South Lebanon expose Israeli divisions over war strategy

4

Deadly drone ambushes in South Lebanon expose Israeli divisions over war strategy

President Joseph Aoun discusses Lebanon developments with officials

5

President Joseph Aoun discusses Lebanon developments with officials

Israel claims it destroyed more than 50 Hezbollah infrastructure sites in southern Lebanon

6

Israel claims it destroyed more than 50 Hezbollah infrastructure sites in southern Lebanon

Hezbollah rejects direct negotiations with Israel and vows not to give up weapons

7

Hezbollah rejects direct negotiations with Israel and vows not to give up weapons

Israel PM says Hezbollah rockets, drones need further military action

8

Israel PM says Hezbollah rockets, drones need further military action

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