# U.S. oil soars 10% in week on fears of U.S.-Iran conflict

> U.S. crude rose about 10% over the week, its strongest weekly gain in a long period, as tensions between the United States and Iran escalated. The rally was also supported by an upcoming OPEC meeting and a possible easing of U.S.-China trade tensions.

- Date: 2019-06-21 · published 2019-06-21T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/12313-u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fears of a military clash threaten flows through the Strait of Hormuz, which carries a large share of world oil, so risk premiums lift crude and energy-linked feed costs. Higher energy prices also raise transport and processing costs for feed.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +4.5% | +0.2% |
| WTI | 2025-07-01 | [Oil Curve Shift Shows Fears of Protracted Mideast Conflict](https://feedsoft.ai/events/10999-oil-curve-shift-shows-fears-of-protracted-mideast-conflict.md) | +4.3% | +2.3% |
| WTI | 2022-02-22 | [Grains, soybeans rally on fear of Russia-Ukraine conflict, surging oil \| Reuters](https://feedsoft.ai/events/8756-grains-soybeans-rally-on-fear-of-russia-ukraine-conflict-surging-oil-reuters.md) | +5.3% | +23.0% |
| WTI | 2026-03-02 | [Oil prices soar amid Strait of Hormuz fears as Iran war intensifies](https://feedsoft.ai/events/12016-oil-prices-soar-amid-strait-of-hormuz-fears-as-iran-war-intensifies.md) | +35.6% | +50.4% |
| WTI | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +16.5% | +35.8% |
| BRENT | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +3.9% | +0.7% |
| BRENT | 2025-07-01 | [Oil Curve Shift Shows Fears of Protracted Mideast Conflict](https://feedsoft.ai/events/10999-oil-curve-shift-shows-fears-of-protracted-mideast-conflict.md) | +4.2% | +3.8% |
| BRENT | 2026-03-02 | [Oil prices soar amid Strait of Hormuz fears as Iran war intensifies](https://feedsoft.ai/events/12016-oil-prices-soar-amid-strait-of-hormuz-fears-as-iran-war-intensifies.md) | +31.0% | +62.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict-idUSKCN1TM03R/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.