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Brent crude futures fall more than 7%

Published by Global Banking & Finance Review

Posted on March 10, 2026

1 min read

· Last updated: April 1, 2026

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Brent crude futures fall more than 7%
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March 10 (Reuters) - Brent crude fell more than 7% on Tuesday after U.S. President Donald Trump hinted that the war in the Middle East could end soon, easing concerns about prolonged disruptions to

Brent Crude Futures Drop Over 7% as Middle East Tension Cools Oil Market

Market Reaction to Middle East Developments

Significant Decline in Brent Crude Prices

March 10 (Reuters) - Brent crude fell more than 7% on Tuesday after U.S. President Donald Trump hinted that the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.

Latest Trading Figures

Brent crude futures were at $91.71 a barrel, down $7.25, or 7.3%, by 0001 GMT. The contract hit a session high of $119.50 on Monday.

Reporting and Editorial Credits

(Reporting by Anushree Mukherjee in Bengaluru; Editing by Sonali Paul)

Key Takeaways

  • Brent crude tumbled $7.25 (–7.3%) to $91.71 a barrel by 00:01 GMT on March 10, down from Monday’s $119.50 intraday high. (finance.yahoo.com)
  • The sharp drop reflects markets responding to U.S. President Trump hinting the Iran conflict could end soon, reducing the geopolitical risk premium. (finance.yahoo.com)
  • Earlier in the week, Brent had rallied amid fears over Strait of Hormuz disruptions choking global supplies, but markets pared gains as prospects of resolution emerged. (rigzone.com)

References

Frequently Asked Questions

Why did Brent crude futures fall more than 7%?
Brent crude futures fell after U.S. President Donald Trump hinted that the war in the Middle East could end soon, easing concerns of prolonged oil supply disruptions.
What price did Brent crude futures reach after the drop?
Brent crude futures were at $91.71 a barrel after dropping by $7.25, or 7.3%.
What caused concerns about global oil supply to ease?
Concerns eased after statements from President Trump suggested the conflict in the Middle East could end soon.
How high did Brent crude futures reach before the drop?
Brent crude futures hit a session high of $119.50 on Monday before falling.

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