Oil Price Today (March 27): Crude oil slips marginally, holds above $100 as Donald Trump pauses Iran energy strikes for 10 days. What lies ahead?

March 27, 2026

Oil prices dipped as President Trump indicated progress in Iran talks and paused strikes on energy infrastructure. This follows a sharp rally amid escalation fears. Despite diplomatic efforts, the US is deploying troops. Iran demands a complete halt to attacks and guarantees for peace. Disruptions to the Strait of Hormuz are severe, with analysts predicting continued price volatility.

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