Finance
Brent crude futures fall more than 7%
Published by Global Banking & Finance Review®
Posted on March 10, 2026
1 min readLast updated: March 10, 2026
Quick Summary
Brent crude futures plunged over 7% to $91.71/barrel on March 10, 2026, after surging on Monday to a session high of $119.50. The retreat followed President Trump’s comments suggesting the Middle East war could end soon, easing supply disruption fears. (Approx. 280 chars)
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 about Brent crude futures fall more than 7%
1Why 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.
2What 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%.
3What 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.
4How high did Brent crude futures reach before the drop?
Brent crude futures hit a session high of $119.50 on Monday before falling.
