# Oil dives as U.S., Iran tensions ease and on U.S. crude build

> Oil futures fell more than 4% after spiking to near a four-month high on an Iranian rocket attack on U.S. forces in Iraq. Prices reversed once it became clear the attack did not damage oil facilities or harm Americans. A surprise rise in U.S. crude inventories added further pressure.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/9656-oil-dives-as-u-s-iran-tensions-ease-and-on-u-s-crude-build
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing Middle East risk removes the geopolitical premium from crude, and bearish inventory data reinforces the downside. Lower crude and diesel costs can ease energy and freight expenses for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-01-10 | [Oil posts worst week since July after US-Iran tensions ease](https://feedsoft.ai/events/9659-oil-posts-worst-week-since-july-after-us-iran-tensions-ease.md) | -1.7% | -15.5% |
| WTI | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -18.9% | -8.3% |
| WTI | 2026-04-01 | [Oil Declines as US, Israel Seek to Ease Concerns Over Iran War](https://feedsoft.ai/events/20329-oil-declines-as-us-israel-seek-to-ease-concerns-over-iran-war.md) | -6.6% | +6.7% |
| WTI | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -12.8% | -0.0% |
| 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% |
| BRENT | 2020-01-10 | [Oil posts worst week since July after US-Iran tensions ease](https://feedsoft.ai/events/9659-oil-posts-worst-week-since-july-after-us-iran-tensions-ease.md) | -2.0% | -16.5% |
| BRENT | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -13.7% | -8.7% |
| BRENT | 2026-04-01 | [Oil Declines as US, Israel Seek to Ease Concerns Over Iran War](https://feedsoft.ai/events/20329-oil-declines-as-us-israel-seek-to-ease-concerns-over-iran-war.md) | -12.2% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-dives-as-u-s-iran-tensions-ease-and-on-u-s-crude-build-idUSKBN1Z7039/?feedName=businessNews&feedType=RSS

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