economy
March 23, 2026
One Sentence from Trump Was Enough for Prices to Plummet Worldwide!
Shortly after Donald Trump announced a halt to attacks on Iran's energy infrastructure, oil prices fell. According to official stock market data, oil prices fell by over 13 percent. Brent crude oil fell by about $17, or 15 percent, to a weekly low of $96 a barrel.
TL;DR
- Oil prices fell over 13% after Donald Trump announced a pause in attacks on Iran's energy infrastructure.
- Brent crude dropped 15% to $96 per barrel, and West Texas Intermediate fell 13.5% to $85.28.
- Gas prices also declined.
- Futures markets surged after Trump stated that the US and Iran had productive talks.
- Dow Jones, S&P 500, and Nasdaq-100 futures saw significant gains.
- The pause in strikes was conditional on the success of ongoing meetings.
- Tensions had escalated, with threats exchanged regarding the Strait of Hormuz and energy infrastructure.
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