Brent crude below $90 for first time since August on Iran hopes

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.

• Mar 23, 2026Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks+1.5%
• Oct 29, 2026Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict-5.4%
• May 29, 2026Oil falls on hopes for US-Iran ceasefire agreement | Reuters+2.5%
• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-11.3%
• Mar 18, 2020Brent crude futures hit 16-year low below $27.00/b | S&P Global-9.0%

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.

• Mar 23, 2026Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks+2.2%
• Oct 29, 2026Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict-2.3%
• May 29, 2026Oil falls on hopes for US-Iran ceasefire agreement | Reuters+4.6%
• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-12.8%
• Mar 18, 2020Brent crude futures hit 16-year low below $27.00/b | S&P Global-18.5%