# Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East | Reuters

> Oil prices dropped about 11% on Monday after Trump postponed strikes on Iranian power plants for five days and cited constructive talks. Brent settled at $99.94 and WTI at $88.13. Iran denied negotiating with the U.S., and prices pared some losses after new attacks.

- Date: 2026-03-22 · published 2026-03-22T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/8153-oil-prices-plunge-11-on-us-iran-talks-to-resolve-hostilities-in-the-middle-east
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Crude prices are being driven by war headlines and volatility, which feeds through to biofuel margins and freight and fertilizer costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | 1 | -12.4% | -4.0 | Brent fell about 11% on Monday March 23 after Trump postponed strikes on Iranian power plants and cited talks, which is the direct trigger of the one-day drop (sentiment/geopolitical risk premium unwinding). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-08 | [Oil prices plunge on Trump's US-Iran ceasefire post](https://feedsoft.ai/events/6900-oil-prices-plunge-on-trump-s-us-iran-ceasefire-post.md) | -18.9% | -8.3% |
| WTI | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -1.0% | +5.9% |
| WTI | 2026-10-29 | [US oil prices fall as investors gauge risks to Mideast supply By Reuters](https://feedsoft.ai/events/252-us-oil-prices-fall-as-investors-gauge-risks-to-mideast-supply-by-reuters.md) | -2.3% | — |
| WTI | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -12.2% | -9.7% |
| WTI | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +2.0% | -0.5% |
| BRENT | 2026-04-08 | [Oil prices plunge on Trump's US-Iran ceasefire post](https://feedsoft.ai/events/6900-oil-prices-plunge-on-trump-s-us-iran-ceasefire-post.md) | -13.7% | -8.7% |
| BRENT | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -3.1% | +2.6% |
| BRENT | 2026-10-29 | [US oil prices fall as investors gauge risks to Mideast supply By Reuters](https://feedsoft.ai/events/252-us-oil-prices-fall-as-investors-gauge-risks-to-mideast-supply-by-reuters.md) | -5.4% | — |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-rise-after-us-iran-threaten-hit-energy-targets-middle-east-2026-03-22/
- marketscreener.com: http://www.marketscreener.com/news/oil-stabilises-as-investors-weigh-us-iran-threats-to-facilities-sanctions-lift-ce7e5edcdb8df42c

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