Financial Markets Surge! Oil Prices Plunge 12%, U.S. Stock Futures and Precious Metals Rebound Rapidly, Trump Says He Will Pause Strikes on Iran's Energy Facilities for 5 Days

MaticHoleFiller · 2026-03-24T02:18:34+00:00

On March 23, international oil prices fell sharply, with New York crude oil declining 12% and Brent crude falling over 11%. Precious metal prices rebounded, and U.S. and European stock markets also experienced a rebound. Trump stated that U.S.-Iran dialogue was positive and announced a pause on military strikes against Iranian energy facilities.

MaticHoleFiller

2026-03-24 02:18:34

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On the evening of March 23, international oil prices plummeted sharply. As of 7:10 PM, NYMEX crude oil was at $85.66, down 12% for the day; Brent crude was at $94.33, down over 11% for the day.

Precious metal prices rebounded, with spot gold narrowing its decline and spot silver turning higher.

The three major US stock index futures rebounded sharply, each rising over 2%. Earlier, during the market open, all US stock index futures plunged collectively.

European stock markets quickly rebounded, with the French CAC40 index rising nearly 1.5%. FTSE China A50 Index futures and MSCI China A50 Connect Index futures both rose nearly 1.5%.

According to CCTV News, on the 23rd, U.S. President Donald Trump posted on the social media platform “Truth Social” that “the United States and Iran have had very good and productive talks over the past two days.” Trump stated that he has instructed a five-day pause on all military strikes against Iran’s power plants and energy infrastructure, provided that ongoing meetings and discussions are successful.

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