Mar 23, 2026 NTD News
Oil prices dropped about 10 percent to a one-week low on Monday after President Donald Trump said he would postpone any military strikes against Iranian power plants for five days after constructive talks to resolve the hostilities in the Middle East—just hours ahead of a deadline that threatened further escalation in the four-week-old war.
Brent futures fell $11.17, or 10 percent, to $101.02 a barrel at 10:46 a.m. ET, while U.S. West Texas Intermediate (WTI) lost $9.28, or 9.5 percent, to $88.95.
The Dow Jones jumped over 800 points, or 1.8 percent. The S&P 500 and the Nasdaq both went up over 1.5 percent.
Trump said in a post on the Truth Social platform that the United States and Iran had had “VERY GOOD AND PRODUCTIVE” conversations over the past two days about a “COMPLETE AND TOTAL RESOLUTION OF HOSTILITIES IN THE MIDDLE EAST.”