Financeoil pricesIran warmarket analysis
Oil's War Premium Peaked at $113. Sell It.
Brent crude touched $113 on March 23 and immediately reversed. Within hours it was at $96. By the close it settled near $103 — still elevated, but the trajectory is down. The market just told you where the ceiling is. The consensus view is that oil stays above $100 until the Iran conflict resolves. That consensus is wrong. Whether Trump's peace talks are real or fabricated, the oil market's war premium has peaked. Three forces — demand destruction, OPEC+ spare capacity, and strategic reserve releases — are converging to cap prices. The next $20 move in Brent is down, not up. Every panic-driven commodity spike in modern history has reversed faster than anyone expected. This one will too.
March 23, 2026Read More