Trump Extends Iran Strike Deadline by 10 Days; Oil Prices Fall

[Financial News]

Donald Trump, President of the United States, on the 26th local time again postponed a strike on Iran.
After the market closed that day, Trump posted on his social media platform Truth Social that he would delay an attack on Iran’s energy facilities for another 10 days, pushing the deadline back to April 6. He had previously warned that if no agreement was reached by March 31, the end of this month, he would order strikes on Iran’s energy infrastructure.
He said he was extending the postponement of the strike "at the request of the Iranian government," adding, "This statement means that I am delaying the deadline for destroying the energy plants."
Trump went on to say, "Despite the error-filled statements by the fake news media, talks are continuing," and claimed, "They are doing very well."
He added, "Thank you for your interest in this issue."
Following Trump’s announcement, international oil prices turned weaker.
Brent Crude Oil for May delivery, the benchmark for international oil prices, fell $2.13, or 1.97%, from the previous close of $108.01 to $105.88 per barrel.
West Texas Intermediate crude oil (WTI) for May delivery, the benchmark U.S. grade, also dropped $1.55, or 1.64%, from the previous close to $92.93 per barrel.

dympna@fnnews.com Song Kyung-jae Reporter