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0 0.00160965794768608 0.00241448692152912 0.00120724346076463 -0.00160965794768608 0.00120724346076463 0.00603621730382288 0.0088531187122736
Stock impact report

Oil Drops as Trump Pushes Back Timeline for Iran Energy Strikes [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
Global benchmark Brent shed as much as 2.7% to near $105 a barrel, before paring losses, while West Texas Intermediate was near $93. Trump said that while Tehran had requested a seven-day period, he'd allowed 10 days. The newly-revised timeline stretches to April 6. The extension allows more time for talks, as well as for the US to amass additional forces in the region. These already include Marine Expeditionary Units and soldiers from the Army's 82nd Airborne Division, according to people familiar with the matter. Separately, the Wall Street Journal said the Pentagon is looking at sending up to 10,000 extra ground troops. Brent crude is on pace for a record monthly gain in March, as the war between the US, Israel and Iran rocked the oil-rich Middle East. With Tehran forcing the near-complete closure of the Strait of Hormuz, the conflict has severely restricted flows of energy that are vital to the global economy. Trump's move “takes some near-term heat out of the market, but r Show less Read more
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