Oil Falls, Stocks Jump on Renewed Hopes of Iran War Ending
By Tom Ozimek
Published on April 1, 2026.
The United States could leave Iran within two to three weeks, with or without a deal, according to U.S. President Donald Trump. This news led to a decrease in oil prices and increased optimism for a quick end to the Middle East war. The front-month Brent contract for June fell by 1.06 to $102.91 per barrel, while West Texas Intermediate crude futures for May slipped by 1.,05.
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