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Markets Score 75 Neutral

Oil Prices Rebound Amid Pre-Speech Jitters Over Iran Policy

Apr 01, 2026 06:51 UTC
CL=F, XOM, ^VIX
Immediate term

Crude markets stabilize ahead of a pivotal Trump address on Iran, with Brent crude trading near $103 after earlier losses.

  • Brent crude fell below $100 and lost over 5% before recovering to $103
  • Market reaction to anticipated Trump speech on Iran policy
  • Energy and defense sectors face heightened scrutiny
  • Volatility in commodities markets ahead of key political address

Oil prices regained ground following a sharp decline, as traders braced for a major speech by US President Donald Trump on Iran. Brent crude, which had dipped below $100 a barrel and at one point fell over 5%, rebounded to hover around $103 in choppy trade. The market's uncertainty reflects concerns over potential shifts in US policy toward Iran and the broader Middle East. Energy firms and defense contractors remain under scrutiny as investors assess the geopolitical implications. The speech, expected to outline Trump's stance on ending the war in Iran, has heightened volatility in commodities markets. Analysts are closely watching for signals that could influence global oil supply dynamics and regional security strategies.

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