Oil slides 4% to below $100/bbl as Middle East uncertainty keeps markets on edge

April 1, 2026

Oil prices experienced a significant drop of over 4% as Middle East tensions continued to influence markets, despite indications of a potential easing of the U.S.-Iran conflict. Investors locked in gains amid uncertainty, with analysts noting that even if the conflict ends, supply chain normalization and infrastructure damage will likely keep prices elevated.

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