Energy firms fall after Trump postpones strikes on Iranian power plants

Coterra Energy

23/03/2026 11:32

** Shares of energy companies fall in premarket trading after U.S. President Donald Trump says he will postpone military strikes on Iranian power plants and energy infrastructure

** Brent LCOc1 crude futures fall 9.3% at $101.76/barrel and U.S. West Texas Intermediate crude futures CLc1 down 10.1% at $88.09/barrel O/R

** Top oil and gas companies Exxon Mobil XOM.N and Chevron CVX.N down 1.2% each

** Occidental Petroleum OXY.N slips 4.7% and ConocoPhillips COP.N falls 2%

** EOG Resources EOG.N, Coterra Energy CTRA.N, Devon Energy DVN.N and SM Energy SM.N fall between 1.8% and 5.2%

** Refiners Phillips 66 PSX.N, HF Sinclair DINO.N and Valero Energy VLO.N down marginally

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))