Trump Extends Pause on Iran Energy Attacks to April 6 Amid Rising Oil Prices

AI Summary

President Donald Trump announced a 10-day extension on a pause in attacks against Iran's energy facilities, now set to end on April 6. This pause follows an earlier five-day halt initiated on a previous Monday and comes as the U.S. aims for a negotiated resolution. The S&P 500 index fell by 1.74%, marking its largest decline since early 2026, while Brent crude oil futures surged by 5.6%, closing at $108.01 per barrel due to concerns over shipping disruptions in the Strait of Hormuz, a critical route for oil shipments. Trump's decision is seen as a strategic move to de-escalate tensions in the region.