# Oil and gas prices fall after Trump says war is 'very complete' - BBC News

> Oil and gas prices fell sharply on Tuesday after US President Donald Trump said the war in Iran was "very complete, pretty much." Crude had nearly reached $120 a barrel on Monday over fears of prolonged disruption to Middle East energy supplies, then dropped below $90. Traffic through the Strait of Hormuz has nearly halted since the war began.

- Date: 2026-03-10 · published 2026-03-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Energy price swings feed directly into costs for fuel, fertilizer and freight, which affect feed production margins. The Hormuz disruption threatens global supply, so prices could rebound quickly if the strait stays blocked.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼
- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-10 | 1 | -8.1% | -3.7 | Trump calling the war 'very complete' sent crude from near $120 to below $90, driving the sharp drop. |
| DIESEL | 2026-03-15 | 5 | +17.6% | 3.2 | Oil fell on March 10 after Trump said the war was nearly complete, a sentiment-driven dip within the window that shaped the path of the weekly move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | -1.3% | +20.4% |
| WTI | 2026-05-20 | [Oil prices fall 5% after Trump comments while analysts point to supply crunch](https://feedsoft.ai/events/12491-oil-prices-fall-5-after-trump-comments-while-analysts-point-to-supply-crunch.md) | -17.6% | -28.3% |
| WTI | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +2.2% | -8.1% |
| WTI | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -1.0% | +5.9% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |
| BRENT | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | +4.1% | +27.2% |
| BRENT | 2026-05-20 | [Oil prices fall 5% after Trump comments while analysts point to supply crunch](https://feedsoft.ai/events/12491-oil-prices-fall-5-after-trump-comments-while-analysts-point-to-supply-crunch.md) | -15.3% | -29.2% |
| BRENT | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +1.5% | -13.8% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/articles/cx2jxe382pwo

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