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

> WTI settled at $82.69 and Brent at $87.29 after falling more than 3% as traders discounted the risk of a wider Israel-Iran war. Analysts said Israel's restraint and the lack of supply disruption were unwinding the war premium.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Dropping the war premium lowers crude prices and related energy costs for feed producers. The move reverses the earlier geopolitical risk spike without any actual supply loss.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -6.6% | +6.7% |
| WTI | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +2.2% | -8.1% |
| WTI | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -12.2% | -9.7% |
| WTI | 2025-06-24 | [Oil prices are falling so much it’s now cheaper than it was before the Iran-Israel conflict \| CNN Business](https://feedsoft.ai/events/9614-oil-prices-are-falling-so-much-it-s-now-cheaper-than-it-was-before-the-iran.md) | -4.6% | -1.6% |
| WTI | 2026-03-25 | [Crude Prices Fall More Than 2%](https://feedsoft.ai/events/11450-crude-prices-fall-more-than-2.md) | +10.2% | +1.3% |
| BRENT | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -12.2% | -1.1% |
| BRENT | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +1.5% | -13.8% |
| BRENT | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -11.9% | -9.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/04/17/us-crude-oil-falls-below-85-as-traders-discount-iran-israel-war-risk.html

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