Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure
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The tanker RARITY sits at anchor as lightning flashes in the distance, amid the U.S.-Israeli conflict with Iran, off Sultan Qaboos Port in Muscat, Oman, March 21, 2026. REUTERS/Stelios Misinas
LONDON, March 23 - 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.
(Reporting by Seher Dareen in London; Editing by Toby Chopra)
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