# Oil retreats after hitting four-year high on concern of US-Iran war escalation | Reuters

> Brent crude hit a four-year high above $126 a barrel on April 30 before easing, as concerns grew that the US-Iran war could cause a prolonged Middle East supply disruption. The Strait of Hormuz remains closed and reports say the US is considering military action to break the negotiation deadlock.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/19881-oil-retreats-after-hitting-four-year-high-on-concern-of-us-iran-war-escalation
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Sustained loss of Gulf crude and tanker flows lifts diesel and energy costs for feed producers and pushes up vegetable oil and biofuel-linked prices, while raising freight and fertilizer input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -5.7% | -24.9% |
| BRENT | 2022-02-22 | [Oil settles near 2014 high on Russia-Ukraine escalation \| Reuters](https://feedsoft.ai/events/42857-oil-settles-near-2014-high-on-russia-ukraine-escalation-reuters.md) | +6.1% | +23.6% |
| BRENT | 2026-03-08 | [Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt \| Reuters](https://feedsoft.ai/events/5227-oil-jumps-to-2022-high-on-iran-war-falls-after-close-as-russia-sanctions-in.md) | +9.5% | +25.6% |
| BRENT | 2026-03-25 | [Dollar rises as US-Iran divide dashes de-escalation hopes \| Reuters](https://feedsoft.ai/events/20349-dollar-rises-as-us-iran-divide-dashes-de-escalation-hopes-reuters.md) | +15.0% | +1.0% |
| BRENT | 2026-03-04 | [Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows \| Reuters](https://feedsoft.ai/events/8004-oil-settles-at-highest-in-over-a-year-for-second-straight-day-as-iran-crisis.md) | +7.9% | +48.7% |
| WTI | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -8.1% | -22.7% |
| WTI | 2018-06-28 | [U.S. oil prices hit three-and-a-half-year high on concern over Iran sanctions](https://feedsoft.ai/events/8780-u-s-oil-prices-hit-three-and-a-half-year-high-on-concern-over-iran-sanctions.md) | -3.7% | -6.5% |
| WTI | 2022-02-22 | [Oil settles near 2014 high on Russia-Ukraine escalation \| Reuters](https://feedsoft.ai/events/42857-oil-settles-near-2014-high-on-russia-ukraine-escalation-reuters.md) | +5.3% | +23.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-retreats-after-hitting-four-year-high-concern-us-iran-war-escalation-2026-04-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.