# Oil Falls 5% on US-Iran De-Escalation - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil fell about 5% on February 2 after Trump said Iran was seriously talking with Washington, signalling de-escalation. Brent traded near $65.86 and WTI near $61.79 after both had posted their biggest monthly gains since 2022 in January. Falling supply disruptions in the US and Kazakhstan also weighed on prices.

- Date: 2026-02-01 · published 2026-02-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8799-oil-falls-5-on-us-iran-de-escalation-energy-news-top-headlines-commentaries
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The fading geopolitical premium and the return of supply to the market reduce crude costs for feed producers. Analysts say the market is fundamentally bearish, which points to further downside if the tensions stay eased.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-02-02 | 1 | -6.3% | -3.7 | Oil fell about 5% on Feb 2 as Trump said Iran was seriously talking with Washington, so the geopolitical risk premium came out after January's big rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-09-21 | [Oil Declines on Signs of Libya Restart With Virus Cases Growing - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/51295-oil-declines-on-signs-of-libya-restart-with-virus-cases-growing-energy-news-top.md) | -2.9% | -1.2% |
| BRENT | 2018-10-29 | [Hedge Funds Back Off on Oil as Saudis Signal OPEC to Open Spigot - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/62706-hedge-funds-back-off-on-oil-as-saudis-signal-opec-to-open-spigot-energy-news.md) | -7.2% | -24.9% |
| BRENT | 2025-09-29 | [Oil Prices Slip as Kurdistan Resumes Crude Exports, OPEC+ Plans Output Hike - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/23039-oil-prices-slip-as-kurdistan-resumes-crude-exports-opec-plans-output-hike.md) | -7.5% | -6.8% |
| BRENT | 2026-02-02 | [Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times](https://feedsoft.ai/events/8801-oil-prices-fall-nearly-5-below-62-bbl-on-us-iran-de-escalation-the-economic.md) | -3.1% | +0.6% |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| WTI | 2020-09-21 | [Oil Declines on Signs of Libya Restart With Virus Cases Growing - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/51295-oil-declines-on-signs-of-libya-restart-with-virus-cases-growing-energy-news-top.md) | -2.4% | -0.8% |
| WTI | 2018-10-29 | [Hedge Funds Back Off on Oil as Saudis Signal OPEC to Open Spigot - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/62706-hedge-funds-back-off-on-oil-as-saudis-signal-opec-to-open-spigot-energy-news.md) | -6.6% | -23.8% |
| WTI | 2025-09-29 | [Oil Prices Slip as Kurdistan Resumes Crude Exports, OPEC+ Plans Output Hike - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/23039-oil-prices-slip-as-kurdistan-resumes-crude-exports-opec-plans-output-hike.md) | -7.3% | -6.4% |

## Sources

- energynow.com: https://energynow.com/2026/02/oil-falls-5-on-us-iran-de-escalation/

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