Oil prices fell Monday morning after President Donald Trump said the U.S. would hold off on striking Iran’s energy infrastructure amid productive talks between the two countries. Oil prices have soared by about 50 per cent this month since the conflict in the Middle East began. Whenever the conflict is resolved, "It will take a couple months to completely re-equalize the system," said Kurt Barrow , an oil, fuels and chemicals analyst at S&P Global. This is a very serious moment with a lot of implications for the global energy industry. Trump's post on social media about the strikes came as the war with Iran enters its fourth week.

Source: CBC News March 23, 2026 14:50 UTC