--- title: "Crude Oil Prices Fall Amid Hopes of Middle East War Ending Soon" type: "News" locale: "en" url: "https://longbridge.com/en/news/281342382.md" description: "Crude oil prices fell as hopes rise for an end to the U.S.-Israel war with Iran. Brent crude decreased by 0.9% to $103.09/barrel, while West Texas Intermediate dropped 1.3% to $100.04/barrel. Investors are taking profits amid uncertainty, despite reports of potential diplomatic resolutions. Analysts warn that supply may remain tight due to damage to energy infrastructure, and shipping costs may not normalize quickly even if the conflict de-escalates. Risks to supply remain high due to ongoing maritime threats and limited diplomatic progress." datetime: "2026-04-01T09:41:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281342382.md) - [en](https://longbridge.com/en/news/281342382.md) - [zh-HK](https://longbridge.com/zh-HK/news/281342382.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281342382.md) | [繁體中文](https://longbridge.com/zh-HK/news/281342382.md) # Crude Oil Prices Fall Amid Hopes of Middle East War Ending Soon 05:41 AM EDT, 04/01/2026 (MT Newswires) -- Crude oil prices eased on Wednesday amid hopes that the U.S.-Israel war with Iran may be drawing to a close in the near term. Brent crude at last look fell 0.9% to US$103.09/barrel and West Texas Intermediate crude lost 1.3% to $100.04/barrel. The uncertainty has prompted investors to lock in gains, with profit taking leading to a dip as the U.S. signaled that the war may end soon, Reuters said in a Wednesday report, citing analysts. Unconfirmed media reports said Iran's president was ready to end the war, while U.S. President Donald Trump told reporters that the military campaign could be ended within two to three weeks, the report said. However, supply is expected to remain tight even when the conflict ends due to damage to energy infrastructure, analysts said in the report. "Even if it starts to de-escalate, the flow of tankers won't resume right away ... shipping costs and insurance, tanker movement will take time to return to normal," Reuters quoted Priyanka Sachdeva, senior market analyst at Phillip Nova, as saying. "Even with diplomatic channels reportedly still active and intermittent comments from the U.S. administration predicting a short end to the conflict, the combination of limited tangible diplomatic progress, continued maritime attacks and explicit threats against energy assets keeps supply risks skewed to the upside," LSEG analysts were quoted as saying. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### Related Stocks - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [Vanguard Energy ETF (VDE.US)](https://longbridge.com/en/quote/VDE.US.md) - [BP p.l.c. (BP.UK)](https://longbridge.com/en/quote/BP.UK.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/en/quote/CRAK.US.md) - [Occidental Petroleum Corporation (OXY.US)](https://longbridge.com/en/quote/OXY.US.md) - [ProShares UltraShort Bloomberg Crude Oil (SCO.US)](https://longbridge.com/en/quote/SCO.US.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) ## Related News & Research - [FACTBOX-What G7 countries are doing to cap energy prices](https://longbridge.com/en/news/281018590.md) - [OPEC oil output plunges in March as war forces export cuts, Reuters survey finds](https://longbridge.com/en/news/281209047.md) - [LIVE MARKETS-A bit of calm after the storm… or before the next one?](https://longbridge.com/en/news/280616542.md) - [Euro zone bond yields rise as oil climbs on Iran ceasefire doubts](https://longbridge.com/en/news/280584345.md) - [Portugal proposes diesel subsidy to mitigate Iran war energy cost](https://longbridge.com/en/news/280826894.md)