Oil price dips! Brent slips below $100 as Trump delays strike on Iranian power plants

2026-03-23 - 13:09

Oil prices experienced a sharp decline as President Trump ordered a five-day halt to planned military strikes on Iranian energy infrastructure, easing fears of Middle East conflict escalation. Brent crude fell over 13%, and WTI slid significantly, reversing earlier gains driven by concerns over disrupted oil transit routes.