Oil Falls in Choppy Trade Ahead of Trump Speech on Iran War

WATCH: Oil tumbled after Trump told reporters that the US could leave Iran within two to three weeks. Stephen Stapczynski reports.Source: Bloomberg

April 1, 2026 at 6:51 AM UTC

Updated on

April 1, 2026 at 8:00 PM UTC

Oil fell in a volatile session, with traders focused on whether US President Donald Trump will soon declare an end to the war in Iran.

West Texas Intermediate futures crude slid 1.2% to settle just above $100 a barrel, after earlier one point slumping roughly 4.8%.