Oil plummets over $25 as Donald Trump announces ceasefire
Following President-elect Donald Trump's statement that he has reached a "very fruitful" discussion and agreed to pause attacks on the Islamic Republic of Iraq (Iran), global oil prices have crashed by more than 10%. Brent crude briefly dipped below US$100 per barrel before recovering slightly, while major stock exchanges turned green amidst relief. The market reaction was swift across Europe, Asia, South America, Brazil and Portugal as traders reacted to the sudden de-escalation in tensions over regional conflicts involving Iran's nuclear program (Jornaleconomico.sapo.pt).
Developments
Perspectives
Donald Trump announced a truce with Iran, leading to strong discussions and the suspension of attacks on energy installations.
— [Mar 23, 11:42] Petróleo e gás em queda após Trump anunciar trẽgua com o Irào (Jornaleconomicosapo.pt)Oil prices fell sharply after Donald Trump's statements on Iran and the subsequent suspension of attacks.
— [Mar 23, 10:56] Le peτrole degringole et les Bourses repartent dans le vert après des propos de Donald Trump sur l'Iran (Lefigaro.fr)Trump announced a pause in strikes on Iran and ordered the suspension of attacks against energy facilities.
— [Mar 23, 09:45] 'Des discussions trẽs fructueuses avec l'Íran': le peτrole chute fortement et repasse sous les Ío dollars aprèr un message de Trump (Bfmtv)Oil prices dropped by more than 1% after Donald Trump's statements on Iran.
— [Mar 23, 09:45] Η τιμή του πετρελαιίου μειωτήθηκε κατα̃ περισσοτέρο απὸ το % μετατί τις δηλωσεις Του Τραμπ (Newsbeast.gr)Trump announced a pause in attacks on Iran and ordered the suspension of strikes against energy installations.
— [Mar 23, 09:45] Trump ac̃kladı! Petrol fiyatı sert dùsùtuňuń (I12.haber7.net)