# Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks

> 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.

- Date: 2026-03-23 · published 2026-03-23T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## 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 | 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. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Oil, Fuel Tumble in Volatile Moves; US Cites Iran Talks](https://feedsoft.ai/events/8542-oil-fuel-tumble-in-volatile-moves-us-cites-iran-talks.md) | +1.5% | -13.8% |
| BRENT | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -13.7% | -8.7% |
| BRENT | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -10.2% | -5.0% |
| BRENT | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -13.7% | -8.7% |
| BRENT | 2026-05-21 | [Oil falls with US-Iran peace talks in focus](https://feedsoft.ai/events/12489-oil-falls-with-us-iran-peace-talks-in-focus.md) | -11.6% | -25.6% |
| WTI | 2026-03-23 | [Oil, Fuel Tumble in Volatile Moves; US Cites Iran Talks](https://feedsoft.ai/events/8542-oil-fuel-tumble-in-volatile-moves-us-cites-iran-talks.md) | +2.2% | -8.1% |
| WTI | 2026-04-08 | [Oil: Prices slump below $100 on ceasefire – ING](https://feedsoft.ai/events/6904-oil-prices-slump-below-100-on-ceasefire-ing.md) | -18.9% | -8.3% |
| WTI | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -9.6% | +0.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2026/03/23/brent-100-oil-fuel-swing-us-cites

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