March 23, 2026
US to Suspend Strikes on Iran's Energy Sector for Five Days
The US and Iran held 'very good and productive negotiations' on a 'complete and final settlement' of the conflict in the Middle East, Donald Trump said on his Truth Social network. In this regard, Trump ordered a five-day postponement of military strikes on Iranian power plants and energy infrastructure. According to the US President, the truce will be maintained 'provided the ongoing negotiations are successful.' The negotiations will continue throughout the week, Trump added. Oil reacted instantly, notes Bloomberg. Brent crude futures fell by more than 14% to $96 a barrel. Gas prices in Europe decreased by 8.9%, and global bonds began to rise.
TL;DR
- US and Iran held "very good and productive negotiations" on a Middle East settlement.
- Donald Trump ordered a five-day postponement of military strikes on Iran's energy sector.
- The truce is conditional on the success of ongoing negotiations, expected to last a week.
- Brent crude futures dropped over 14% to $96 per barrel.
- European gas prices decreased by 8.9%.
- Global bonds moved towards growth.
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