The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital Business
📰 Read Full Article
business
March 23, 2026
3h ago

Oil prices plunge after Trump says talks have been held to end war

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.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement

Related News

Trump says US and Iran have held talks on ending war in Middle East as he postpones power plant strikes
top4h ago

Trump says US and Iran have held talks on ending war in Middle East as he postpones power plant strikes

United States President Donald Trump announced that Washington has opened talks with Iran aimed at ending Middle East conflict, leading to a temporary halt in planned U.S. military strikes.

C
Capital News
📰 Read Full Story
Trump says US and Iran held talks
top7h ago

Trump says US and Iran held talks

U.S. President Donald Trump announced on Monday that he has instructed the postponement of military strikes against Iranian power plants for five days, citing "very good and productive" conversations with Iran.

N
Nation News
📰 Read Full Story
Oil prices fall after Trump warns Iran over Strait of Hormuz
business1w ago

Oil prices fall after Trump warns Iran over Strait of Hormuz

Oil prices experienced a significant drop following US President Donald Trump's strong warning to Iran against blocking the Strait of Hormuz, a vital shipping route for global energy supplies.

C
Capital Business
📰 Read Full Story
US-Iran talks end after ‘significant progress’, mediator says
top3w ago

US-Iran talks end after ‘significant progress’, mediator says

High-stakes nuclear talks between the United States and Iran in Geneva have concluded with significant progress, according to mediator and Omani Foreign Minister Badr Albusaidi, though a final deal remains uncertain.

C
Capital News
📰 Read Full Story
Faisal Islam: Trump comments may have eased oil price surge, but havoc remains
business1w ago

Faisal Islam: Trump comments may have eased oil price surge, but havoc remains

Oil prices experienced historic volatility, surging to $115 a barrel before a potential release of emergency stockpiles and comments from US President Donald Trump offered some relief, though prices remain elevated and supply chains are in disarray.

C
Capital Business
📰 Read Full Story
Oil price at two-year high after Qatar warns all Gulf production could stop within days
business2w ago

Oil price at two-year high after Qatar warns all Gulf production could stop within days

Oil prices have surged to a two-year high following warnings from Qatar's energy minister that all Gulf oil and gas production could cease within days due to escalating regional conflict.

C
Capital Business
📰 Read Full Story
Advertisement