Oil Prices Drop as US-Iran Peace Talks Raise Hopes for Gulf Supply Stability

After 242 past bearish geopolitics events, WTI moved a median -2.7% over 5 sessions (33% higher; middle half -7.5% to +1.8%), and -5.0% over 20.

• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-12.8%
• May 27, 2025Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns+0.9%
• Apr 10, 2026Dollar set for weekly drop ahead of US-Iran peace talks-3.2%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-7.0%
• May 21, 2026Oil falls with US-Iran peace talks in focus-9.1%

After 239 past bearish geopolitics events, BRENT moved a median -2.9% over 5 sessions (38% higher; middle half -8.4% to +1.9%), and -5.5% over 20.

• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-11.3%
• May 27, 2025Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns+0.8%
• Apr 10, 2026Dollar set for weekly drop ahead of US-Iran peace talks+0.8%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-5.9%
• May 21, 2026Oil falls with US-Iran peace talks in focus-11.6%