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Trump's Remarks Trigger Market Shock, Oil Prices Plunge 14%

March 23rd news: U.S. President Trump's latest statement indicated that the United States and Iran have held very good and productive dialogues over the past two days. He has instructed a suspension of all military strikes against Iranian power plants and energy infrastructure for five days, contingent upon the success of ongoing meetings and discussions. International oil prices reacted sharply to this news, with Brent crude futures at one point falling over 14% to around $96 per barrel. WTI crude and European natural gas prices also saw declines. (Jins10)

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