Source: Reuters (via feed)
Oil prices fell by over 13% on Monday. This followed a statement from U.S. President Donald Trump. He said he would order the military to postpone strikes against Iranian power plants and energy infrastructure.
The prices dropped significantly after the announcement. The postponement concerned targets related to Iran’s energy sector.
BizTrendWire Insight:
Oil prices moved sharply in direct response to the announcement by U.S. President Trump. Energy markets responded to news on military actions impacting Iranian infrastructure.
Oil prices moved sharply in direct response to the announcement by U.S. President Trump. Energy markets responded to news on military actions impacting Iranian infrastructure.
