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Brent settled below $100 a barrel on March 23 after falling 11%, while WTI settled down 10% at $88.13. The drop followed an Iranian official's denial of U.S. talks, after President Trump announced a five-day pause in threatened strikes on Iranian power plants.
Lower crude and diesel prices reduce energy and freight costs for feed producers, but the market remains highly volatile while the Strait of Hormuz stays disrupted.
dtnpf.comBarani KrishnanMar 23, 2026After 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.
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.
After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports Brent settled below $100 on March 23 after an 11% fall following Trump's five-day pause in strikes, matching the move's date and size.
