
Crude oil prices dropped sharply after President Trump said the US agreed to a two-week ceasefire with Iran proposed by Pakistan. Brent fell about 13% to around $95 and WTI fell about 14% to around $96, the largest one-day drop since the 1991 Gulf War apart from COVID.
The agreement is conditional on Iran allowing a complete reopening of the Strait of Hormuz.
The reopening of the Strait of Hormuz, which carries about a fourth of seaborne oil, would restore supply and lower the risk premium in crude. Lower energy costs would ease pressure on feed production and transport expenses.
Setelah 250 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (Brent) bergerak median -3,1% selama 5 sesi (36% lebih tinggi; separuh tengah -7,9% sampai +1,6%), dan -5,5% selama 20 sesi.
Setelah 255 peristiwa geopolitik bearish sebelumnya, Minyak Mentah (WTI) bergerak median -2,4% selama 5 sesi (31% lebih tinggi; separuh tengah -7,0% sampai +1,7%), dan -5,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Directly describes the April 8 Brent drop of about 13% after the US-Iran two-week ceasefire announcement, which cut the geopolitical supply-risk premium.