Trump Eases Threats Against Iran, Crude Oil Plummets Over 14% at One Point, Copper Rises Over 3%

SnapshotLaborer · 2026-03-23T22:50:29+00:00

US-Iran tensions persist as Trump announces pause on military strikes against Iran's energy facilities, citing progress in negotiations. However, Iran's parliament speaker denies talks, causing severe market volatility. Oil prices plummeted at one point while copper prices rose. Investors should exercise caution.

SnapshotLaborer

2026-03-23 22:50:29

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The conflict between the US and Iran enters its fourth week. Trump announced a temporary halt on threats to strike Iran’s energy infrastructure and claimed progress in US-Iran negotiations, causing intense volatility in global markets.

According to CCTV News, U.S. President Trump stated on the 23rd that he has instructed a five-day suspension of all military strikes against Iranian power plants and energy infrastructure, provided that ongoing meetings and discussions are successful. Subsequently, CCTV reported that Iran’s Islamic Parliament Speaker, , posted on social media denying any dialogue with the United States.

On Monday, Brent and WTI crude oil prices plunged over 14% intraday, then recovered some losses, with global benchmark crude prices falling below $100 for the first time in nearly two weeks.

Meanwhile, copper prices surged in the London market by the largest margin in nearly two months, and the industrial metals market overall strengthened, with risk appetite rebounding.

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Market risks are present; investment should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Invest at your own risk.

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