# Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 | Reuters

> Oil futures settled lower on April 10 and posted their biggest weekly decline since 2022 ahead of US-Iran talks on a permanent ceasefire. Brent settled at $95.20 after falling 12.7% for the week, and WTI settled at $96.57. Attacks reportedly cut Saudi output by 600,000 bpd and Strait of Hormuz shipping remained near standstill.

- Date: 2026-04-10 · published 2026-04-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/6898-oil-ends-lower-ahead-of-u-s-iran-ceasefire-talks-posts-steepest-weekly-loss
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weekly losses reflect expectations that talks could restore Gulf supply, but ongoing disruptions keep physical prices high and the outlook uncertain. Feed buyers should expect continued volatility in energy costs that feed into freight and processing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-01-10 | [Oil posts worst week since July after US-Iran tensions ease](https://feedsoft.ai/events/9659-oil-posts-worst-week-since-july-after-us-iran-tensions-ease.md) | -2.0% | -16.5% |
| BRENT | 2026-05-29 | [Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk](https://feedsoft.ai/events/12490-oil-sees-biggest-weekly-loss-since-april-on-iran-deal-talk.md) | +2.5% | -21.2% |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| BRENT | 2022-03-11 | [Oil settles up but posts biggest weekly decline since Nov \| Reuters](https://feedsoft.ai/events/5783-oil-settles-up-but-posts-biggest-weekly-decline-since-nov-reuters.md) | -1.7% | -10.5% |
| BRENT | 2026-04-10 | [Dollar set for weekly drop ahead of US-Iran peace talks](https://feedsoft.ai/events/11159-dollar-set-for-weekly-drop-ahead-of-us-iran-peace-talks.md) | +0.8% | -5.5% |
| WTI | 2020-01-10 | [Oil posts worst week since July after US-Iran tensions ease](https://feedsoft.ai/events/9659-oil-posts-worst-week-since-july-after-us-iran-tensions-ease.md) | -1.7% | -15.5% |
| WTI | 2026-05-29 | [Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk](https://feedsoft.ai/events/12490-oil-sees-biggest-weekly-loss-since-april-on-iran-deal-talk.md) | +4.6% | -23.5% |
| WTI | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +4.6% | -23.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-rise-after-strikes-saudi-oil-facilities-2026-04-10/

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