# Oil dives, settles down 11% after Trump predicts Middle East de-escalation | Reuters

> Oil prices plunged more than 11% on March 10, the steepest one-day percentage drop since 2022, after Trump predicted a quick end to the war with Iran. Brent settled at $87.80 and WTI at $83.45 after both hit four-year highs the previous day. The US military reportedly facilitated an oil shipment out of the Strait of Hormuz.

- Date: 2026-03-10 · published 2026-03-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/6628-oil-dives-settles-down-11-after-trump-predicts-middle-east-de-escalation-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing expectations of the Iran war reduce the risk premium on crude, which lowers energy input costs and reduces the pull on biofuel-linked feedstock prices. Prices remain well above pre-war levels, so volatility is likely to persist.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-10 | 1 | -8.1% | -3.7 | Brent settled down about 11% on March 10 at $87.80 after Trump predicted a quick end to the war, a sentiment-driven reversal that lowered the geopolitical risk premium. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| WTI | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -1.0% | +5.9% |
| WTI | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +2.3% | +7.9% |
| WTI | 2026-07-30 | [Oil settles down on proposed Saudi-led maritime defence coalition \| Reuters](https://feedsoft.ai/events/18514-oil-settles-down-on-proposed-saudi-led-maritime-defence-coalition-reuters.md) | -10.8% | -2.9% |
| WTI | 2026-03-22 | [Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East \| Reuters](https://feedsoft.ai/events/8153-oil-prices-plunge-11-on-us-iran-talks-to-resolve-hostilities-in-the-middle-east.md) | +2.2% | -8.1% |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| BRENT | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -3.1% | +2.6% |
| BRENT | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +1.3% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-over-6-trump-predicts-middle-east-de-escalation-2026-03-10/

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