Trump announced a 10-day suspension of attacks on Iran and urgently allocated weapons to Ukraine, bringing significant changes to the situation in the Middle East.
2026-03-27 09:50:35
US President Trump abruptly announced on Thursday that, at Iran's request, he would suspend attacks on Iranian energy facilities for 10 days, stating that negotiations with Iran were progressing "well." Meanwhile, the Pentagon is considering diverting weapons originally intended for Ukraine to the Middle East to address critical ammunition shortages caused by the war in Iran.
This series of news has further complicated the market's assessment of the prospects for conflict in the Middle East.
Trump announced on Truth Social that, at the request of the Iranian government, he has decided to suspend the destruction of Iranian energy facilities for 10 days, ending at 8 p.m. ET on April 6, 2026. He added, "Negotiations are underway, despite misinformation from fake news media and others, and they are progressing well."
Previously, Trump had issued a strong warning at a White House cabinet meeting, stating that if Iran did not reach an agreement, the United States would become Iran's "worst nightmare." He also indicated that taking over Iranian oil was an option, but did not disclose specific details.
An Iranian official stated that the 15-point U.S. proposal, relayed by Pakistan, underwent detailed review by senior Iranian officials and representatives of the Supreme Leader on Wednesday. He noted that while Iran believes the proposal primarily serves the interests of the U.S. and Israel, diplomatic efforts are not yet over. The official emphasized that the U.S. proposal is "unilateral and unfair."
Iran, meanwhile, insists that any ceasefire agreement must include Lebanon and demands guarantees of no future military action and compensation for losses.
According to The Washington Post, as the war with Iran strains the supply of some key U.S. military ammunition, the Pentagon is considering diverting weapons originally intended for Ukraine to the Middle East. These weapons include air defense interceptor missiles procured through a NATO initiative launched last year, in which partner countries purchase U.S. weapons for Ukraine.
A Pentagon spokesperson said the Department of Defense will "ensure that U.S. forces, as well as those of allies and partners, have everything they need to fight and win."
NATO spokeswoman Allison Hart responded that all weapons paid for through the "Ukraine Priorities List" mechanism have been delivered or are being continuously shipped to Ukraine.
Trump's announcement of a 10-day suspension of attacks on Iranian energy facilities, along with reports that the Pentagon is considering transferring weapons from Ukraine, indicates that the current situation in the Middle East is in a delicate phase of both diplomatic maneuvering and military preparation. On the one hand, both sides are maintaining indirect dialogue through intermediary channels such as Pakistan, suggesting that negotiations can continue. On the other hand, Iran's insistence on including Lebanon in the agreement, and the US's continued military pressure, make the achievement of any final agreement highly uncertain.
In the coming days, Iran's formal response to the US 15-point proposal, the actual passage through the Strait of Hormuz, and Israel's military movements against Hezbollah will be key variables influencing the regional situation. The market needs to closely monitor subsequent diplomatic developments to determine whether the conflict is truly easing.
Trump's announcement of a 10-day suspension of attacks on Iranian energy facilities provided some breathing room for the oil and gas market in the short term, leading to a temporary pullback in oil prices . However, this suspension is only temporary, and Iran has not fully accepted the US proposal, nor has the blockade of the Strait of Hormuz fundamentally changed. The global oil supply shortage is expected to continue.
Brent crude oil prices are likely to fluctuate at high levels in the $95-$110 per barrel range in the short term. If substantial progress is made in subsequent negotiations, oil prices are expected to fall further; conversely, if the conflict reignites after the 10-day deadline, the probability of oil prices returning above $110, or even testing $120, will increase significantly.
For natural gas prices, while the possibility of Iran threatening to open a new front in the Bab el-Mandeb Strait has been temporarily alleviated due to the suspension of attacks, the vulnerability of Middle Eastern energy infrastructure remains, and the security risks of liquefied natural gas transportation will continue to support defensive demand for natural gas prices.
Overall, the oil and gas sector is exhibiting high volatility in the short term due to "news-driven" factors, but is expected to maintain a high-level, oscillating, and slightly bullish trend in the medium to long term. Investors should pay close attention to Iran's official response, the passage through the Strait of Hormuz, and the dynamics of US troop buildup, and manage risks accordingly.
Brent crude oil daily chart source: EasyForex
At 9:49 AM Beijing time on March 27, Brent crude oil futures were trading at $100.85 per barrel.
This series of news has further complicated the market's assessment of the prospects for conflict in the Middle East.
Trump announced a 10-day pause in attacks, emphasizing that negotiations were progressing well.
Trump announced on Truth Social that, at the request of the Iranian government, he has decided to suspend the destruction of Iranian energy facilities for 10 days, ending at 8 p.m. ET on April 6, 2026. He added, "Negotiations are underway, despite misinformation from fake news media and others, and they are progressing well."
Previously, Trump had issued a strong warning at a White House cabinet meeting, stating that if Iran did not reach an agreement, the United States would become Iran's "worst nightmare." He also indicated that taking over Iranian oil was an option, but did not disclose specific details.
Iranian officials responded that the US proposal was "unfair" and that diplomatic efforts are continuing.
An Iranian official stated that the 15-point U.S. proposal, relayed by Pakistan, underwent detailed review by senior Iranian officials and representatives of the Supreme Leader on Wednesday. He noted that while Iran believes the proposal primarily serves the interests of the U.S. and Israel, diplomatic efforts are not yet over. The official emphasized that the U.S. proposal is "unilateral and unfair."
Iran, meanwhile, insists that any ceasefire agreement must include Lebanon and demands guarantees of no future military action and compensation for losses.
The Pentagon is considering transferring weapons from Ukraine to address its needs in the Middle East.
According to The Washington Post, as the war with Iran strains the supply of some key U.S. military ammunition, the Pentagon is considering diverting weapons originally intended for Ukraine to the Middle East. These weapons include air defense interceptor missiles procured through a NATO initiative launched last year, in which partner countries purchase U.S. weapons for Ukraine.
A Pentagon spokesperson said the Department of Defense will "ensure that U.S. forces, as well as those of allies and partners, have everything they need to fight and win."
NATO spokeswoman Allison Hart responded that all weapons paid for through the "Ukraine Priorities List" mechanism have been delivered or are being continuously shipped to Ukraine.
Overall Outlook
Trump's announcement of a 10-day suspension of attacks on Iranian energy facilities, along with reports that the Pentagon is considering transferring weapons from Ukraine, indicates that the current situation in the Middle East is in a delicate phase of both diplomatic maneuvering and military preparation. On the one hand, both sides are maintaining indirect dialogue through intermediary channels such as Pakistan, suggesting that negotiations can continue. On the other hand, Iran's insistence on including Lebanon in the agreement, and the US's continued military pressure, make the achievement of any final agreement highly uncertain.
In the coming days, Iran's formal response to the US 15-point proposal, the actual passage through the Strait of Hormuz, and Israel's military movements against Hezbollah will be key variables influencing the regional situation. The market needs to closely monitor subsequent diplomatic developments to determine whether the conflict is truly easing.
Analysis of the impact on oil and gas market
Trump's announcement of a 10-day suspension of attacks on Iranian energy facilities provided some breathing room for the oil and gas market in the short term, leading to a temporary pullback in oil prices . However, this suspension is only temporary, and Iran has not fully accepted the US proposal, nor has the blockade of the Strait of Hormuz fundamentally changed. The global oil supply shortage is expected to continue.
Brent crude oil prices are likely to fluctuate at high levels in the $95-$110 per barrel range in the short term. If substantial progress is made in subsequent negotiations, oil prices are expected to fall further; conversely, if the conflict reignites after the 10-day deadline, the probability of oil prices returning above $110, or even testing $120, will increase significantly.
For natural gas prices, while the possibility of Iran threatening to open a new front in the Bab el-Mandeb Strait has been temporarily alleviated due to the suspension of attacks, the vulnerability of Middle Eastern energy infrastructure remains, and the security risks of liquefied natural gas transportation will continue to support defensive demand for natural gas prices.
Overall, the oil and gas sector is exhibiting high volatility in the short term due to "news-driven" factors, but is expected to maintain a high-level, oscillating, and slightly bullish trend in the medium to long term. Investors should pay close attention to Iran's official response, the passage through the Strait of Hormuz, and the dynamics of US troop buildup, and manage risks accordingly.
Brent crude oil daily chart source: EasyForex
At 9:49 AM Beijing time on March 27, Brent crude oil futures were trading at $100.85 per barrel.
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