# Oil Steadies Below $60 in Midst of U.S.-Iran Conflict - Bloomberg

> Oil closed at its lowest level since mid-December as concerns about a significant U.S.-Iran escalation receded. Futures fell for a third straight session, and prices held the 50-day moving average. Analysts saw virtually no impact on oil supply from the missile attacks on U.S. bases.

- Date: 2020-01-09 · published 2020-01-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/9661-oil-steadies-below-60-in-midst-of-u-s-iran-conflict-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

With no real supply disruption, the market is unwinding the geopolitical premium, keeping crude under pressure. Lower energy prices are a modest tailwind for feed input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | -1.3% | +20.4% |
| WTI | 2026-07-27 | [Corn and Soybeans Fall on US Weather, Pause in US-Iran Strikes - Bloomberg](https://feedsoft.ai/events/8278-corn-and-soybeans-fall-on-us-weather-pause-in-us-iran-strikes-bloomberg.md) | -5.8% | -4.1% |
| WTI | 2026-10-29 | [Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of.md) | -2.3% | — |
| WTI | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +2.2% | -8.1% |
| WTI | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| BRENT | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | +4.1% | +27.2% |
| BRENT | 2026-10-29 | [Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of.md) | -5.4% | — |
| BRENT | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +1.5% | -13.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-09/oil-steadies-near-60-after-trump-downplays-iran-attacks

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