Oil plunges as US midterms reshape the stakes for Iran: the week in commodities

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.

• Jul 27, 2026The Commodities Feed: Oil slumps as the US and Iran pause strikes | articles | ING THINK-5.1%
• Apr 8, 2026The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire | ING THINK-13.7%
• Mar 22, 2026Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East | Reuters+1.5%
• Apr 29, 2019The Commodities Feed: Trump demands & Russian oil | snaps | ING THINK-0.3%
• Feb 27, 2022Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine+23.1%

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.

• Jul 27, 2026The Commodities Feed: Oil slumps as the US and Iran pause strikes | articles | ING THINK-5.8%
• Apr 8, 2026The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire | ING THINK-18.9%
• Mar 22, 2026Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East | Reuters+2.2%
• Apr 29, 2019The Commodities Feed: Trump demands & Russian oil | snaps | ING THINK-2.1%
• Aug 13, 2025The Commodities Feed: Oil in wait-and-see mode ahead of Trump Vs. Putin | articles | ING THINK-1.3%