Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes -- WSJ

Dow Jones03-24

By Ed Ballard

Oil futures fell Monday after President Trump said he was postponing strikes on Iranian power plants for five days after what he described as productive talks with Iran.

Brent crude, the international benchmark, fell $12.25, or 10.9%, to $99.94 a barrel. WTI crude, the U.S. benchmark, was 10.3% lower at $88.13 a barrel. The decline snapped a four-session streak of rising Brent futures prices; the price is still up 38% in March.

Oil had been climbing earlier in the session, with investors on edge after President Trump said the U.S. would strike Iranian infrastructure late Monday unless Iran opened the Strait of Hormuz.

The market changed abruptly after Trump's social-media post. "I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD," he wrote shortly after 7 a.m. ET.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 23, 2026 15:45 ET (19:45 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 15:45 ET (19:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621025089","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621025089","pubTimestamp":1774295100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Oil futures fell Monday after President Trump said he was postponing strikes on Iranian power plants for five days after what he described as productive talks with Iran.Brent crude, the international benchmark, fell $12.25, or 10.9%, to $99.94 a barrel. 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The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"特朗普推迟对伊朗的打击后油价下跌超过10%——华尔街日报","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Ed Ballard \n\n\n     Oil futures fell Monday after President Trump said he was postponing strikes on Iranian power plants for five days after what he described as productive talks with Iran. \n\n\n     Brent crude, the international benchmark, fell $12.25, or 10.9%, to $99.94 a barrel. WTI crude, the U.S. benchmark, was 10.3% lower at $88.13 a barrel. The decline snapped a four-session streak of rising Brent futures prices; the price is still up 38% in March. \n\n\n     Oil had been climbing earlier in the session, with investors on edge after President Trump said the U.S. would strike Iranian infrastructure late Monday unless Iran opened the Strait of Hormuz. \n\n\n     The market changed abruptly after Trump's social-media post. \"I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD,\" he wrote shortly after 7 a.m. ET. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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