---
title: Oil drops on signs conflict may space Iranian crude production
description: "Oil fell as the conflict in the Middle East has so far avoided disrupting crude production and the Wall Street Journal reported that Iran privately expressed willingness to deescalate hostilities with Israel. \nWest Texas Intermediate tumbled as much as 4.9%, after spiking higher at the open, after the newspaper said Tehran would be open to returning to the negotiating table as long as the US doesn’t join the attack. The development quelled fears that a protracted conflict would engulf a region that produces around a third of the world’s crude.\nSource: Bloomberg"
---

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# [Oil drops on signs conflict may space Iranian crude production](https://blog.syzgroup.com/syz-the-moment/oil-drops-on-signs-conflict-may-space-iranian-crude-production)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jun 16, 2025, 3:44:50 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/oil-drops-on-signs-conflict-may-space-iranian-crude-production)

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