Trump's Ultimatum Delayed, Oil Prices Fall Over 6%

SighingCashier · 2026-03-23T12:47:14+00:00

US President Trump announced a delay in strikes against Iran's energy facilities, causing international oil prices to decline sharply. New York crude oil futures fell to $91.71, while London Brent crude oil dropped to $104.78. Trump stated that good dialogue has taken place between the US and Iran, with military operations suspended for 5 days.

SighingCashier

2026-03-23 12:47:14

Abstract generation in progress

After U.S. President Trump announced a five-day delay in strikes on Iran’s energy facilities, international oil prices immediately declined.

New York crude oil futures fell below $100 per barrel, currently at $91.71, down $6.52 or 6.64%. London Brent crude futures dropped to $104.78, down $7.41 or 6.6%.

Earlier today, Trump posted on social media that the U.S. and Iran had conducted very good and productive talks over the past two days, and he has instructed a suspension of all military strikes on Iran’s power plants and energy infrastructure for five days.

Last Saturday, Trump posted a “final warning” on social media stating that if Iran does not fully reopen the Strait of Hormuz within 48 hours, he will destroy all types of Iran’s power plants.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes