Oil plunges on Trump pause as Italy rejects judicial reform - Mar 23, 2026

Prysmian Daily News Update · Mar 23, 2026 · 2m

As of March 23, the news is dominated by major statements from U.S. President Donald Trump on the ongoing conflict in the Middle East, as well as by the outcome of judicial reforms in Italy. U.S. President Donald Trump announced a postponement of military strikes against Iranian energy infrastructure for a period of five days. This decision follows what he described as productive discussions aimed at resolving hostilities in the region. Consequently, Brent oil futures fell sharply by over 14% to around 96 dollars a barrel, with the West Texas Intermediate also experiencing a decline. These…