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Trump Delays Iranian Strikes, Crude Prices Plummet 15%

3/24/2026

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Trump Delays Strikes
  • U.S. President Donald Trump announced a five-day delay on strikes against Iranian energy sites, citing ongoing productive conversations with Iran, which Iran has denied.
  • Trump said Pete Hegseth, the Secretary of War, was the first to propose military action against Iran during discussions on Middle Eastern tensions.
  • The announcement triggered a Brent crude price drop of 15% and traders had bet more than $500 million on crude before the statement.
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