2026-03-23 08:00:00
OIL PRICE: BRENT NEAR $104, WTI ABOVE $90
REUTERS - March 23, 2026 - Oil prices plunged by more than 13% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.
Brent crude futures traded at about $104.1 a barrel, or down 7.2%, at 1130 GMT after sliding as much as 15% to a session low of $96 a barrel. U.S. West Texas Intermediate was down 7.8% at $90.55 after losing 13.5% to a session low of $85.28.
The U.S. president had warned that Iranian power plants would be destroyed if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours, setting a deadline of around 7:44 p.m. EDT (2344 GMT) on Monday.
His comments sparked threats of retaliation from Iran's Revolutionary Guards, which said they would attack Israel's power plants and those supplying U.S. bases across the Gulf region if Trump followed through with his threat to "obliterate" Iran's power network.
The war has damaged major energy facilities in the Gulf and nearly halted shipping through the Strait of Hormuz, which handles about 20% of global oil and liquefied natural gas flows. Analysts estimated a loss of 7 million to 10 million barrels per day of oil production in the Middle East.
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Earlier:
2026, March, 20, 08:00:00
OIL PRICE: BRENT ABOVE $110, WTI ABOVE $96
Brent futures rose $1.67, or 1.5%, to $110.32 a barrel at 1030 GMT, while U.S. West Texas Intermediate (WTI) crude added 33 cents, or 0.3%, to $96.47.
2026, March, 10, 08:00:00
OIL PRICE: BRENT NEAR $92, WTI ABOVE $89
Brent were down $7.15, or 7.2%, at $91.81, WTI was down $6.26, or 6.6%, at $88.51 a barrel.
2026, March, 10, 07:55:00
RUSSIAN OIL & GAS SUPPLIES UP
Russia is now aiming to capitalize on supply concerns as a result of the conflict in the Middle East, where energy infrastructure and supply routes have been attacked.
2026, March, 5, 08:00:00
OIL PRICE: BRENT NEAR $83, WTI ABOVE $77
Brent was up $2.25, or 2.8%, at $83.65, WTI rose $2.56, or 3.4%, to $77.22.
2026, March, 5, 07:55:00
RUSSIAN OIL FOR INDIA UP
India was the top buyer of Russian seaborne crude after Moscow's 2022 Ukraine invasion, but in January its refiners started to reduce purchases, helping New Delhi avoid 25% tariffs imposed by Washington and clinch an interim trade deal.
2026, March, 3, 08:00:00
OIL PRICE: BRENT NEAR $80, WTI ABOVE $72
Brent were at $79.44 a barrel, up $1.70, WTI jumped $1.17, or 1.6%, to $72.40.
2026, March, 3, 07:55:00
ОПЕК+ РОССИЯ: ОСТОРОЖНЫЙ ПОДХОД
Страны продолжат внимательно следить за ситуацией. В рамках постоянных усилий по поддержке стабильности рынка они подтвердили важность осторожного подхода и сохранения гибкости для продолжения приостановки или отмены дополнительных добровольных корректировок добычи, включая ранее введённые добровольные корректировки в размере 2,2 млн баррелей в сутки, объявленные в ноябре 2023 года.
2026, March, 3, 07:50:00
OPEC + RUSSIA: CAUTIOUS APPROACH
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.