Oil prices fall after Trump postpones Iran strikes

26-Mar-2026

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Oil prices fell on the morning of March 23 after President Donald Trump said the U.S. would hold off on striking Iran’s energy infrastructure amid productive talks between the two countries.

A barrel of West Texas Intermediate, the North American benchmark, was trading under $90 US, down more than seven per cent, while stock markets jumped at the start of trading.

At the opening bell, the Dow Jones Industrial ⁠Average rose 226.3 points, or 0.5 per cent. The S&P 500 rose 68.5 points, or 1.05 per cent, while ⁠the ⁠Nasdaq Composite rose 348.2 points, or 1.61 per cent.