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International Business Times UK
International Business Times UK
Welbert Bauyaban

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump delayed military strikes against Iranian power plants for five days after 'productive' talks with Tehran, triggering an immediate 13% drop in oil prices as global markets reacted to the easing of his 48-hour ultimatum. (Credit: Gage Skidmore/Flickr | CC BY-SA 2.0)

Donald Trump announced on Monday morning that he had ordered the Department of War to postpone all military strikes against Iranian power plants for five days, following what he described as 'very good and productive' talks with Tehran — a declaration that sent Brent crude tumbling 13% to $96 a barrel and offered global markets their first meaningful reprieve since the conflict erupted three weeks ago.

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