Sign In
Tuesday, Jul 28, 2026
  • العربية
Top Header VOE Logo Header Dark Mode VOE Logo
  • Latest
  • Emirates
  • News
    • Gulf Countries
    • Arab Countries
    • World
  • Politics
    • Analysis
    • Interviews
    • Reports and investigations
  • Business
    • Companies
    • Real Estate
    • Stock Market
    • Green Energy
    • Oil And Gas
    • Bitcoin
    • Business Reports
  • Science and Tech
    • AI
    • Electric Vehicles
    • Space and Mars
  • Sport
    • World Cup 2026
  • Society
  • Health
  • Lifestyle
  • Travel and Hotels
Reading: Oil prices plunge 13% after Trump backed down from striking Iranian energy facilities
Share
Latest
With high standards.. Mohammed bin Rashid Aviation Project Accelerates Construction of Aircraft Maintenance Services Complex
Toy Story 5 surpasses $1 billion globally and continues to break box office records.
39.93 billion dirhams by the end of May. The UAE Central Bank’s balance of gold increased by 5.37% within 5 months
Israeli Defense Minister: US opposition prevents us from striking Iranian energy facilities
Global oil prices fall below $80 a barrel
Font ResizerAa
Voice Of EmiratesVoice Of Emirates
  • العربية
  • Latest News
Search
  • News
    • Emirates
    • Gulf Countries
    • Arab Countries
    • World
  • Politics
    • Analysis
    • Interviews
    • Reports and investigations
  • Business
    • Companies
    • Real Estate
    • Stock Market
    • Green Energy
    • Oil And Gas
    • Bitcoin
    • Business Reports
  • Science and Tech
    • AI
    • Electric Vehicles
    • Space and Mars
  • Lifestyle
  • Society
  • Sport
    • World Cup 2026
  • Health
  • Travel and Hotels
Have an existing account? Sign In
Follow US
All rights reserved © Voice of Emirates - News service from Our Media Group
BusinessOil And Gas

Oil prices plunge 13% after Trump backed down from striking Iranian energy facilities

Tensions persist amid the fragile geopolitical landscape

مدحت الشيخ
Last updated: 24/03/2026 3:47 am
Medhat Elsheikh
مدحت الشيخ
ByMedhat Elsheikh
News Editor
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
- News Editor
4 months ago
Share
2 Min Read
Oil prices plunge 13% after Trump backed down from striking Iranian energy facilities
Earthquake in the markets: Oil collapses 13% after Trump backs down on striking Iranian energy (Photo/Voice of Emirates)
SHARE
Highlights
  • Reassess the risks
  • Energy market sensitivity

Washington, DC – In a swift and sharp reaction, oil prices plummeted by more than 13% following reports that President Donald Trump had decided to postpone strikes against Iranian energy infrastructure, easing concerns about global supply disruptions.

This steep decline came after a record-breaking rally in recent days, fueled by escalating tensions

and the possibility of attacks on critical facilities that could lead to significant oil supply shortages.

Reassess the risks

Analysts believe that markets had priced in a worst-case scenario,

anticipating widespread supply disruptions, particularly from the Gulf region.

However, the postponement decision temporarily restored balance and prompted investors to reassess risks.

Expectations of continued oil flow through vital waterways, most notably the Strait of Hormuz,

also played a key role in calming concerns, directly impacting prices, which had fallen rapidly.

Energy market sensitivity

Conversely, experts warn that this decline may be temporary, as tensions persist,

and any further escalation could cause prices to rise sharply, especially given the fragile geopolitical landscape.

This sharp fluctuation reflects the sensitivity of energy markets to political events,

where prices are no longer determined solely by supply and demand factors,

but have become hostage to military decisions and political statements.

Between a postponed decision and a confused market, oil remains a “prisoner of tension,”

rising with fear and falling with any glimmer of de-escalation.

TAGGED:earthquakeEnergy in IranEnergy marketsIranian energyoilTrumpVoice Of EmiratesVoice Of Emirates Website News
SOURCES:Voice of Emirates
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Threads Email Copy Link Print
Previous Article Amr Diab will perform a concert in Doha on April 16. Amr Diab will perform a concert in Doha on April 16.
Next Article Mohamed Amine Benhachem Wydad announces Benhachem’s departure by mutual consent.. and Carteron is close to succeeding him

Editor's Pick

With high standards.. Mohammed bin Rashid Aviation Project Accelerates Construction of Aircraft Maintenance Services Complex

With high standards.. Mohammed bin Rashid Aviation Project Accelerates Construction of Aircraft Maintenance Services Complex

The new facility is located within the aircraft parts supply and repair area

By
Sami Zarqa
2 Min Read
Toy Story 5 surpasses $1 billion globally and continues to break box office records.
Toy Story 5 surpasses $1 billion globally and continues to break box office records.

Huge global success

2 Min Read
39.93 billion dirhams by the end of May. The UAE Central Bank's balance of gold increased by 5.37% within 5 months
39.93 billion dirhams by the end of May. The UAE Central Bank’s balance of gold increased by 5.37% within 5 months

Within a year, it increased by 38%, or about 11 billion dirhams

1 Min Read

Trending

Israeli Defense Minister: US opposition prevents us from striking Iranian energy facilities

Israeli Defense Minister: US opposition prevents us from striking Iranian energy facilities

Israel: US opposition prevents us from striking Iranian energy facilities

23 minutes ago

Global oil prices fall below $80 a barrel

Oil falls below $80 a barrel

33 minutes ago

NG9 Holding signs a memorandum of understanding to explore investment opportunities in Morocco

The memorandum of understanding was signed…

57 minutes ago

A powerful earthquake strikes Japan; the government confirms injuries and the collapse of several buildings

Japan confirms injuries and the collapse…

1 hour ago

Supporting real estate and banking stocks. Dubai Financial gains AED 7.7 billion in weekend session

Dubai Financial's market capitalization rose to…

1 hour ago

You may also be interested in

Breaking - Zidane to lead Les Bleus... The French Football Federation announces the appointment of the football legend as the national team's manager
Sport

Breaking – Zidane to lead Les Bleus… The French Football Federation announces the appointment of the football legend as the national team’s manager

Paris, France – The French Football Federation (FFF) has announced the appointment of French football legend Zinedine Zidane as the…

2 Min Read
Montenegro.. Masdar and ABCG launch first solar and energy storage projects
Business ReportsEmiratesGreen Energy

Montenegro.. Masdar and ABCG launch first solar and energy storage projects

Tivat, Montenegro - Abu Dhabi Future Energy Company "Masdar", the world leader in clean energy, and the National Electricity Corporation…

4 Min Read
Trump warns Iran against resuming military strikes
PoliticsReports and investigations

Trump warns Iran against resuming military strikes

Washington, United States - US President Donald Trump expressed cautious optimism to reporters on Monday about the course of diplomatic…

3 Min Read
Why is Washington focusing on sanctions? The secrets of the hidden US-Iranian negotiations
AnalysisPolitics

Why is Washington focusing on sanctions? The secrets of the hidden US-Iranian negotiations

Washington, United States - The Axios news website, citing senior US officials, revealed that the US administration under President Donald…

4 Min Read
Top Header VOE Logo Header Dark Mode VOE Logo
  • About Us
  • Contact us
  • Advertise on Voice Of Emirates
  • Privacy Policy
Reading: Oil prices plunge 13% after Trump backed down from striking Iranian energy facilities
Share
  • Publishing Principles
  • Ethics Policy
  • Corrections Policy
  • Diversity Policy
  • Actionable Feedback Policy
  • Ownership & Funding
  • Privacy Policy
Reading: Oil prices plunge 13% after Trump backed down from striking Iranian energy facilities
Share

All rights reserved © Voice Of Emirates – a news service from Our Media Group

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?