Energy firms fall after Trump postpones strikes on Iranian power plants

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