Crude Drops 4% on Iran News Just as Dallas Fed Signals Oil Rebound

A sharp rebound in U.S. oilfield activity is colliding with a sudden geopolitical shock, as the latest Dallas Fed Energy Survey shows energy firms swinging back into expansion just as crude prices plunge roughly 4% on headlines that President Donald Trump has floated a 15-point Iran peace plan, abruptly stripping out part of the war-driven risk premium that had lifted prices more than 30% since late February.Brent crude for May delivery fell 3.9% to trade at $100.40 per barrel at 11.20 am ET while the corresponding WTI crude contract declined 3.77%…