Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Jun 23, 2025Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk | Reuters-11.9%
• May 29, 2026Oil prices log steepest weekly loss since April on potential US-Iran peace deal | The National+2.5%
• Apr 17, 2024Oil prices fall more than 3% as traders discount Iran-Israel war risk-2.5%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-3.1%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-5.9%

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Jun 23, 2025Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk | Reuters-12.2%
• May 29, 2026Oil prices log steepest weekly loss since April on potential US-Iran peace deal | The National+4.6%
• Apr 17, 2024Oil prices fall more than 3% as traders discount Iran-Israel war risk-2.3%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-1.6%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-7.0%