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23.03.202611:16:55UTC+00Brent Falls More than 10% as Trump Delays Iran Strikes

Brent crude oil futures fell more than 10% to around $100 per barrel on Monday after President Donald Trump signaled a de-escalation in tensions by ordering a five-day pause on planned U.S. strikes against Iranian energy infrastructure. The decision followed what Trump described as “constructive” talks with Iran over the previous two days, aimed at resolving the conflict, with negotiations scheduled to continue this week. The announcement eased immediate supply concerns after heightened tensions linked to a U.S. deadline for Iran to reopen the Strait of Hormuz, a critical chokepoint for global oil shipments. Markets responded sharply as the perceived risk of further disruptions to energy infrastructure temporarily receded, and attention now shifts to whether ongoing diplomatic efforts can secure a durable reopening of the key waterway.

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