1240 ET - 1240- Oil futures are lower but with Brent holding above $100 a barrel as initial optimism about President Trump's postponement of threatened attacks on Iranian energy facilities wanes. "It appears that the possibility of a strong Iranian response to the U.S. threats was enough to prompt Trump's latest decision," Ritterbusch & Associates says in a note. "A prompt reopening of the Strait of Hormuz remains questionable as will the volume of tanker traffic capable of proceeding through the strait in the coming weeks." WTI is down 7.1% at $91.25 a barrel and Brent is down 7.8% at $103.41. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 12:40 ET (16:40 GMT)
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