Ringgit gains as oil prices plunge on hopes of Iran conflict de-escalation

Not enough comparable past events yet for a historical read.

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.

• Oct 29, 2026Oil prices fall as peace hopes offset fears of growing Middle East conflict-2.3%
• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-12.8%
• Oct 29, 2026Arab News | Oil prices fall as peace hopes offset fears of growing Middle East conflict-2.3%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-1.6%
• Jun 23, 2025Oil prices tumble as Iran signals de-escalation with limited missile attack | AP News-12.2%

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.

• Oct 29, 2026Oil prices fall as peace hopes offset fears of growing Middle East conflict-5.4%
• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-11.3%
• Oct 29, 2026Arab News | Oil prices fall as peace hopes offset fears of growing Middle East conflict-5.4%
• Feb 2, 2026Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times-3.1%
• Jun 23, 2025Oil prices tumble as Iran signals de-escalation with limited missile attack | AP News-11.9%