# Trump's remarks triggered a fall in oil prices, which had surged as much as 27% on Monday.

*business · news · 2026-03-09 · CNBC TV18*

## Key points

- Trump claimed Iran no longer has an airforce, navy, or anti-aircraft equipment.
- Brent oil prices dropped below $90 a barrel after surging as high as $119.5 intraday.
- The Dow Jones recovered 1,100 points intraday following Trump's remarks about Iran.
- G7 leaders discussed releasing emergency oil reserves, but France said agreement hasn't been reached yet.

**Companies:** Nvidia, Broadcom, AMD, Micron
**Countries:** United States, Iran, France

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