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Oil prices fell 6% on June 24 to a two-week low on expectations that the Israel-Iran ceasefire would reduce the risk of Middle East supply disruptions.
A sharp drop in crude lowers energy and freight costs and reduces the geopolitical premium that had supported energy-linked feed input prices.
reuters.comScott DisavinoJun 23, 2025After 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 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.
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.
Oil fell 6% on June 24 to a two-week low as the Israel-Iran ceasefire cut Middle East supply-disruption risk, a major contributor to the 5-day WTI drop.
Oil fell 6% on June 24 to a two-week low as the ceasefire cut Middle East supply-risk expectations, a major leg of the weekly decline.
Oil fell 6% to a two-week low on June 24 on expectations that the ceasefire would cut supply disruption risk.
