Why are Oil prices pulling back if US-Iran peace talks seem dead?

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Oct 6, 2023Why are oil prices suddenly dropping?+0.7%
• Jul 4, 2023Why are OPEC+ supply cuts failing to boost oil prices?+7.3%
• May 6, 2025Why oil prices are falling and what it means for the economy : NPR+8.3%
• Jul 20, 2026Why oil prices haven't gone crazy despite 5 months of US-Iran war | Reuters+9.4%
• Nov 19, 2024What do Diesel and Gasoline Tell us About Oil Prices?-0.2%

After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.

• May 6, 2025Why oil prices are falling and what it means for the economy : NPR+6.7%
• Nov 19, 2024What do Diesel and Gasoline Tell us About Oil Prices?-0.7%
• Jul 7, 2026Oil prices settle at pre-Iran war levels as crude output grows+16.4%
• Sep 21, 2020Oil Prices Fall Amid Broad Selloff | Rigzone-3.3%
• Feb 1, 2025Oil prices settle pennies higher, down for week as Trump touts energy policy-0.2%