0743 GMT - Oil prices fall, with Brent crude back below $100 a barrel after the U.S. sent Iran a 15-point plan to end the war and news that mediators are pushing for a meeting between Washington and Tehran later this week. In early trading, the international oil benchmark is down 4.5% to $95.72 a barrel, while the U.S. oil gauge WTI falls 3.9% to $86.28 a barrel. "Wars rarely need to end before markets bottom," says Saxo Bank's Charu Chanana. "Investors tend to move as soon as the probability of further escalation starts to fall." Still, strikes by both sides persist, and the Strait of Hormuz remains effectively shut, with Iran saying only "non-hostile" vessels may transit the waterway. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 03:44 ET (07:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments