RPT-Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure
Reuters03-23
RPT-Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure
Repeats to additional subscribers
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 LCOc1 had fallen around $17, or 15% to a session low of $96 a barrel by 1108 GMT while U.S. West Texas Intermediate CLc1 had fallen $13, or about 13.5%, to a session low of $85.28.
(Reporting by Seher Dareen in London; Editing by Toby Chopra)
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
