However they later pulled back to trade down around eight percent as Iran denied negotiations had taken place. "We need to wait for more clarity," UBS commodities analyst Giovanni Staunovo told AFP, as European gas prices declined four percent. Asian and European stock markets had kicked off the new week with sharp losses. However following Asia's close and Trump's update, European equities rallied. Observers have raised the prospect of surging inflation as oil prices remain far above pre-war levels despite Monday's plunge.

Source: Bangladesh Sangbad Sangstha March 23, 2026 15:02 UTC