Trump’s turnaround, which held out the possibility of resolving the war now in its fourth week, served to drive down oil prices and jolt stocks. The conflict has killed more than 2,000 people, shaken the global economy, sent oil prices surging, and endangered some of the world’s busiest air corridors. Oil prices were stubbornly high in early trading Monday, but plunged after Trump’s announcement. Israel strikes Tehran and LebanonIsrael launched new attacks Monday on the Iranian capital, saying it had “begun a wide-scale wave of strikes” on infrastructure targets in Tehran without immediately elaborating. In Israel, 15 people have been killed by Iranian strikes.

Source: Huffington Post March 23, 2026 13:21 UTC