Oil prices fell in Asian trading on Monday as hopes for diplomatic progress eased fears of supply disruption. Brent fell 1.8% to $111.43 and WTI declined 2% to $102.04.
Trump reportedly told Netanyahu he preferred to give diplomacy more time before resuming military action.
Diplomatic progress lowers the crude risk premium, reducing energy costs for feed logistics. The midterm elections remain a key risk, since military action could resume if talks fail.
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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.