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Thursday, March 26, 2026

Oil Drops as Trump Pushes Back Timeline for Iran Energy Strikes

 


Oil fell after President Donald Trump again pushed back a deadline for striking Iran’s energy sites, offering the market near-term respite while prolonging uncertainty over the course of the war well into April.

West Texas Intermediate dropped as much as 1.6% to near $93 a barrel after surging by almost 5% on Thursday, as Brent settled above $108. President Trump said that while Tehran had requested a seven-day period, he’d allowed 10 days. The newly-revised timeline stretches to April 6.

https://www.bloomberg.com/news/articles/2026-03-26/latest-oil-market-news-and-analysis-for-march-27

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