Trump's withdrawal of troops sparks a wave of crude oil sell-offs, and energy premiums quickly fade.

BlockBeatNews

2026-04-01 07:08:50

BlockBeats message, April 1, as Trump said that regardless of whether an agreement is reached, the U.S. will withdraw from Iran within two or three weeks, international oil prices dropped immediately. WTI crude oil fell below $98 per barrel, down 3.78% on the day; Brent crude oil is currently down 3.3%.

Thomas Mathews of Capital Economics said: “Hope that the situation is cooling has boosted the market, but we think that even if the war ends quickly, its impact in many cases will still persist. After all, both sides also released positive signals in other phases of the war, but many of those ultimately turned out to be illusions.” (Jin10)

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