economy
March 23, 2026
Oil prices fall 10 percent after Trump announces delay of attacks on Iran
Oil prices fell by 10 percent today after U.S. President Donald Trump ordered a five-day suspension of announced U.S. attacks on Iran's energy infrastructure.
TL;DR
- Oil prices fell by up to 10% following President Trump's announcement.
- Trump ordered a five-day suspension of planned U.S. attacks on Iranian energy infrastructure.
- The announcement eased immediate fears of supply shortages.
- The U.S. had previously set a 48-hour deadline for Iran to reopen the Strait of Hormuz.
- Iran's Fars News Agency denied any negotiations, attributing Trump's move to Iran's threats.
- Crude oil prices fell by 8.85% to $89.607 per barrel, and Brent crude by 9.55% to $101.469.
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