Oil Prices Plunge as Trump Delays Iran Strikes: Brent, WTI Slide While Stocks Jump
Brent crude dropped 9.64% to $101.42 a barrel and U.S. WTI fell 8.78% to $89.61 after President Donald Trump delayed planned strikes on Iranian power plants. BP shares fell 2.2% and Shell lost 4.2% in London. The Dow rose 655 points as Wall Street rebounded. The Strait of Hormuz remained blocked or near a halt following attacks on Gulf energy assets.