Oil price dips! Brent slips below $100 as Trump delays strike on Iranian power plants
Oil prices tumbled sharply on Monday after US President Donald Trump ordered a five-day halt to planned military strikes on Iranian power plants and energy infrastructure, easing fears of escalation in the Middle East conflict.
Brent crude fell more than 15% during the session, dropping to a low of $96 per barrel, breaking below the $100 mark for the first time since 11 March. US benchmark West Texas Intermediate (WTI) also slid 13.5%, falling to a session low of $85.28.
