# Oil prices slide after Trump comment on stopping Israel aid

> Oil prices fell on Tuesday after President Trump said the US would end billions of dollars in annual military support to Israel by the end of the year. Brent dropped about 3.3% to near $101 a barrel, its lowest since October 8, and WTI fell about 2.2%. The decline followed a more than 7% fall on Monday, driven by hopes for Qatari-mediated US-Iran talks.

- Date: 2026-11-03 · published 2026-11-03T15:08:52.761Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77855-oil-prices-slide-after-trump-comment-on-stopping-israel-aid
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices reduce input costs for feed-related energy, freight and fertiliser, but ING notes that escalation risks remain, so the downside depends on whether peace talks make real progress.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-20 | [Oil prices fall 5% after Trump comments while analysts point to supply crunch](https://feedsoft.ai/events/12491-oil-prices-fall-5-after-trump-comments-while-analysts-point-to-supply-crunch.md) | -15.3% | -29.2% |
| BRENT | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | +4.1% | +27.2% |
| 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 | 2026-03-23 | [Oil prices slide as Trump’s Hormuz ultimatum keep markets on edge](https://feedsoft.ai/events/11449-oil-prices-slide-as-trump-s-hormuz-ultimatum-keep-markets-on-edge.md) | +1.5% | -13.8% |
| BRENT | 2026-05-05 | [Oil prices slide on reports US and Iran are nearing peace agreement \| Reuters](https://feedsoft.ai/events/9579-oil-prices-slide-on-reports-us-and-iran-are-nearing-peace-agreement-reuters.md) | -9.6% | -16.4% |
| WTI | 2026-05-20 | [Oil prices fall 5% after Trump comments while analysts point to supply crunch](https://feedsoft.ai/events/12491-oil-prices-fall-5-after-trump-comments-while-analysts-point-to-supply-crunch.md) | -17.6% | -28.3% |
| WTI | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | -1.3% | +20.4% |
| 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% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/oil-prices-slide-after-trump-comment-stopping-israel-aid

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