Finance

Oil slides as Trump touts Iran talks threaten risk assets

Oil prices slid in early Asia trade as diplomacy around Iran dominated headlines. Brent fell 6.6% to $97.56 a barrel and WTI dropped more than 5.5% to $87.20, as Donald Trump said talks to end the war are happening 'now' and that those involved 'want to make a deal so badly,' even as Iran's officials dismissed the talks as 'fake news'.

📅 March 24, 2026
⏱️ 2 min read
Oil slides as Trump touts Iran talks threaten risk assets

Key Takeaways

  • Brent crude falls 6.6% to $97.56 and WTI down more than 5.5% to $87.20 in early Asia trade.
  • Trump says talks to end the war are happening 'now' and those involved 'want to make a deal so badly'.
  • Iranian official calls the talks 'fake news' as Israel–Iran strikes continue.
  • Brent price later rises back above $100 a barrel on Tuesday.

People Involved

  • Donald Trump Former U.S. President
  • Wael Sawan Shell CEO
  • JD Vance U.S. Senator
  • Marco Rubio U.S. Senator

Entities Involved

  • Shell plc Oil major and energy company

MarketMoodz Analysis

Oil markets are reacting to conflicting signals on diplomacy with Iran and ongoing Middle East tensions, with risk assets sensitive to any development that could affect supply. The slide in Brent and WTI underscores how energy prices remain tethered to diplomacy and sanctions dynamics, even as the broader market contends with inflation and policy risk.

Historically, Iran-related tensions have caused sharp spikes in Brent above $100 a barrel, reflecting sanctions risk and potential supply disruptions; the current moves fit that pattern, though the price path remains contingent on credible progress in talks and the degree of disruption to Hormuz shipping and regional supply.

What to watch next: monitor statements from Iranian officials and Western policymakers, potential sanctions developments, and any disruption to Strait of Hormuz flows or regional oil shipments, which would amplify volatility in energy and riskAsset markets.

Source: Original Article

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