Oil prices plunge after Trump says talks have been held to end war
After the announcement, the price of Brent crude sank 13%, while the FTSE 100 index rose 0.5% having fallen more than 2% earlier. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Global oil prices plummeted and stock markets rallied after US President Donald Trump announced progress in talks aimed at halting the conflict in the Middle East.
- The price of Brent crude sank 13% following the announcement.
- President Trump stated he would "POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE" for five days.
- The conflict had previously raised fears of a prolonged war, impacting major oil and LNG shipping routes through the Strait of Hormuz, which handles 20% of global supply.
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Kenya Airways says Iran war has led to demand hike for its flights - March 2026
Kenya Airways has reported a significant surge in flight demand, attributing the increase to the ongoing conflicts in the Middle East, particularly the US-Israeli war on Iran. This comes as Asian stock markets experienced a significant downturn as tensions between the United States and Iran threatened to escalate, with the conflict entering its fourth week. Global oil prices simultaneously plummeted and stock markets rallied after US President Donald Trump announced progress in talks aimed at halting the conflict in the Middle East. At the same time, COMESA warned businesses across its member states against exploiting the Middle East crisis for price gouging and engaging in anti-competitive practices.
