The US-Israel-Iran war has witnessed a major twist after US President Donald Trump announced postponing military strikes on Iran's oil and energy establishments after 'productive' talks with his Gulf adversary, on Monday, March 23. This step, seen as a crucial step to end the war, has led to the fall in the prices of oil and brent crude. Oil price plummetsBrent Crude has fallen to $96 after Trump holds military action on Iran while Oil prices plunged by over 13%. An Iranian news agency also denied talks between Tehran and Trump, quoting an unnamed source. Trump had earlier warned Iran of severe consequences if it fails to reopen the strategically vital Strait of Hormuz, a key global energy transit route.

Source: dna March 23, 2026 13:00 UTC