Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure

March, 23, 2026

Reuters - Oil ​prices fell by ‌over 13% on Monday after U.S. ​President Donald ​Trump said he would ⁠order the ​military to postpone any ​strikes against Iranian power plants and energy ​infrastructure.
Brent crude ​futures had fallen around $17, or ‌15% ⁠to a session low of $96 a barrel by ​1108 ​GMT ⁠while U.S. West Texas Intermediate ​had fallen $13, ​or ⁠about 13.5%, to a session ⁠low ​of $85.28.

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