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Finance

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

Published by Global Banking & Finance Review

Posted on March 23, 2026

1 min read

· Last updated: April 1, 2026

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

Finance Markets Commodities

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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

Oil Prices Plunge Over 13% After Trump Pauses Strikes on Iran Energy Facilities

Market Reaction to U.S. Decision on Iran

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 and WTI Price Movements

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.

Session Lows and Percentage Drops

Reporting and Editorial Credits

(Reporting by Seher Dareen in London; Editing by Toby Chopra)

Key Takeaways

Markets reacted strongly to Trump’s decision to delay strikes on Iran’s power and energy infrastructure, signaling a temporary de-escalation of tensions.
Oil had surged weeks earlier after U.S.‑Israeli strikes on Kharg Island and other Iranian energy sites, which had raised fears of supply disruptions via the Strait of Hormuz.
The postponement reduced conflict-driven risk premiums, with Brent retreating from recent highs near $119 and WTI easing from similarly elevated levels.

References

Frequently Asked Questions

Why did oil prices fall over 13% on Monday?

Oil prices dropped after President Trump said the U.S. would postpone planned military strikes on Iran's energy infrastructure.

How much did Brent crude futures decrease?

Brent crude futures fell around $17, or 15%, to a session low of $96 a barrel.

What was the session low price for U.S. West Texas Intermediate?

U.S. West Texas Intermediate hit a session low of $85.28, falling about 13.5%.

Who reported the news about oil prices and military strikes?

The report was written by Seher Dareen in London and edited by Toby Chopra.

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

Oil Prices Plunge Over 13% After Trump Pauses Strikes on Iran Energy Facilities