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

By Thomson Reuters Mar 23, 2026 | 6:29 AM

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 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.

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