Oil prices fall more than 3% as traders discount Iran-Israel war risk

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.

• Apr 1, 2026Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg-6.6%
• Mar 23, 2026Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes+2.2%
• Jun 23, 2025Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk | Reuters-12.2%
• Jun 24, 2025Oil prices are falling so much it’s now cheaper than it was before the Iran-Israel conflict | CNN Business-4.6%
• Mar 25, 2026Crude Prices Fall More Than 2%+10.2%

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.

• Apr 1, 2026Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg-12.2%
• Mar 23, 2026Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes+1.5%
• Jun 23, 2025Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk | Reuters-11.9%
• Jun 24, 2025Oil prices are falling so much it’s now cheaper than it was before the Iran-Israel conflict | CNN Business-6.9%
• Mar 25, 2026Crude Prices Fall More Than 2%+15.0%