# Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg

> Brent and WTI both fell more than 14% intraday after President Trump said he was holding off strikes on Iran. Brent closed below $100 for the first time in almost two weeks. Prices then recovered some of the losses.

- Date: 2026-03-23 · published 2026-03-23T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp drop in crude weakens the energy-linked economics of biofuels, which can pull down soybean oil and corn demand and weigh on feed-related prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | 1 | -12.4% | -4.0 | Brent futures dropped more than 14% intraday on March 23 after Trump held off strikes on Iran, describing the same selloff and its magnitude. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Oil sinks after Trump postpones strikes on Iranian plants](https://feedsoft.ai/events/8157-oil-sinks-after-trump-postpones-strikes-on-iranian-plants.md) | +1.5% | -13.8% |
| 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 | 2020-01-07 | [Oil sinks nearly 5%, under $60 after Trump says Iran is standing down](https://feedsoft.ai/events/9658-oil-sinks-nearly-5-under-60-after-trump-says-iran-is-standing-down.md) | -7.8% | -22.1% |
| BRENT | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | +4.1% | +27.2% |
| BRENT | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +1.5% | -13.8% |
| WTI | 2026-03-23 | [South African rand strengthens after Trump delays strikes on Iran energy sites \| Reuters](https://feedsoft.ai/events/20460-south-african-rand-strengthens-after-trump-delays-strikes-on-iran-energy-sites.md) | +2.2% | -8.1% |
| WTI | 2026-03-23 | [Oil sinks after Trump postpones strikes on Iranian plants](https://feedsoft.ai/events/8157-oil-sinks-after-trump-postpones-strikes-on-iranian-plants.md) | +2.2% | -8.1% |
| 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

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-03-23/oil-futures-tumble-14-after-trump-s-iran-comments

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