# Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post

> Global oil prices swung sharply on March 9 after nearly touching $120 per barrel earlier in the session. Markets reacted to Trump's statement that the war would be ended soon. Prices were still significantly above pre-conflict levels.

- Date: 2026-03-09 · published 2026-03-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Large intraday swings in crude feed directly into diesel and fuel costs for feed transport and grain handling. Gasoline price pressure may also influence policy responses.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-10 | 1 | -8.1% | -3.7 | Prices swung sharply from nearly $120 as Trump said the war would end soon, matching the reversal that produced the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | +0.5% | -5.5% |
| BRENT | 2026-01-30 | [Market Talk \| War, Peace, And Mixed Signals: Energy Prices React To A Turbulent Week](https://feedsoft.ai/events/5925-market-talk-war-peace-and-mixed-signals-energy-prices-react-to-a-turbulent-week.md) | -3.0% | +0.5% |
| BRENT | 2026-04-29 | [In five charts: How UAE's exit could affect Opec's influence over the oil price](https://feedsoft.ai/events/19884-in-five-charts-how-uae-s-exit-could-affect-opec-s-influence-over-the-oil-price.md) | -1.9% | -16.4% |
| BRENT | 2024-10-30 | [What's in Store for the Oil and Gas Markets in Q4? - FocusEconomics](https://feedsoft.ai/events/8119-what-s-in-store-for-the-oil-and-gas-markets-in-q4-focuseconomics.md) | +7.2% | +3.6% |
| BRENT | 2025-10-28 | [The Commodities Feed: Sanction concerns boost diesel prices \| ING THINK](https://feedsoft.ai/events/22596-the-commodities-feed-sanction-concerns-boost-diesel-prices-ing-think.md) | -0.4% | -2.2% |
| WTI | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | -2.1% | -6.3% |
| WTI | 2026-01-30 | [Market Talk \| War, Peace, And Mixed Signals: Energy Prices React To A Turbulent Week](https://feedsoft.ai/events/5925-market-talk-war-peace-and-mixed-signals-energy-prices-react-to-a-turbulent-week.md) | -3.0% | +3.1% |
| WTI | 2026-04-29 | [In five charts: How UAE's exit could affect Opec's influence over the oil price](https://feedsoft.ai/events/19884-in-five-charts-how-uae-s-exit-could-affect-opec-s-influence-over-the-oil-price.md) | +2.2% | -10.9% |

## Sources

- washingtonpost.com: https://www.washingtonpost.com/business/2026/03/09/iran-war-stock-markets-oil-prices-gas/

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