Oil falls and shares rebound after Trump says talks have been held to end war

Mar 23, 2026 · 856 words · By Nick Edser

📰 Original article: https://www.bbc.com/news/articles/czex56kwxxzo?at_medium=RSS&at_campaign=rss

Analysis Summary

Propaganda Score: 30% (confidence: 70%)
Summary: The article reports on U.S. President Trump's comments regarding a potential delay in military action against Iran, which coincided with a drop in oil prices and a rebound in stock markets. It notes the impact on energy costs and includes statements from officials about the situation's implications for global markets and energy security.

Fact-Check Results

“Oil prices plunged and stock markets rebounded after Donald Trump said the US would hold off on strikes against Iranian power plants, citing 'constructive' discussions about ending the conflict in the Middle East.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm or refute claims about oil prices and stock market reactions to Trump's statements.

“The US president wrote on social media that the two countries had held talks about a 'COMPLETE AND TOTAL' resolution - but Iran denied these talks had happened.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify Trump's social media claims or Iran's denial of talks.

“The price of Brent crude sank, while European and US shares rose following Trump's statement.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm Brent crude price movements or market reactions to Trump's comments.

“Trump had previously said he would 'obliterate' Iranian power plants if the Strait of Hormuz shipping route was not reopened in 48 hours.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify Trump's previous threat regarding Iranian power plants and the Strait of Hormuz.

“Iran had said it would respond by targeting key infrastructure in the region.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm Iran's statements about targeting regional infrastructure.

“The comments over the weekend had rattled financial markets, adding to fears that the US-Israeli war with Iran would be a prolonged conflict.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify market reactions or fears of prolonged conflict from Trump's comments.

“At one point on Monday, the price of Brent had hit $113 a barrel, but it tumbled in the immediate aftermath of Trump's latest comments. It fell to a low of $96 a barrel, before rebounding a bit.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm Brent crude price fluctuations or their correlation to Trump's comments.

“London's FTSE 100 index ended the day flat after being down more than 2% earlier on Monday.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify FTSE 100 index movements or their relation to Trump's comments.

“Germany's Dax index also rebounded to close 1.2% higher while France's Cac ended up roughly 0.9%.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm Dax and Cac index performance linked to Trump's comments.

“In the US, the S&P 500 index rose more than 1.1%, while the Dow Jones closed nearly 1.4% higher.”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify S&P 500 and Dow Jones index movements related to Trump's statements.

“UK 10-year bond yield peaked at 5.12% before falling to 4.9% following Trump's comments.”

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“Since the war began on 28 February, Iran has effectively blocked the waterway. About 20% of the world's oil and liquefied natural gas usually passes through the strait - and the conflict has sent global fuel prices soaring.”

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“Japan and South Korea have been particularly affected by the conflict, as they are heavily dependent on oil and gas that would normally pass through the Strait of Hormuz, one of the world's busiest oil shipping channels.”

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“The jump in oil and gas prices since the start of the conflict has raised fears of a UK energy crisis comparable to the 1970s and Russia's 2022 invasion of Ukraine.”

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“However, Iran's foreign ministry then issued a statement, which said: 'We deny what US President Donald Trump said regarding negotiations taking place between the United States of America and the Islamic Republic of Iran.'”

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“UK's Cobra committee will focus on energy security and supply chain resilience.”

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“Stocks in Asia, which closed before Trump's latest comments, had seen heavy falls with Japan's Nikkei index dropping 3.5% and South Korea's Kospi down 6.5%.”

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“UK government borrowing costs hit their highest level since the 2008 financial crisis.”

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“UK Prime Minister Sir Keir Starmer discussed reopening the Strait of Hormuz with Trump.”

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“In the Monday morning post on Truth Social, written in all capital letters, Trump said the US and Iran had held talks over the weekend about 'a complete and total resolution of our hostilities'.”

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“He said based on the 'tenor and tone of these in depth, detailed and constructive conversations' he had instructed the military to postpone any strikes against Iranian power plants and energy infrastructure for five days.”

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