Oil rises as US-Iran tension escalates after Iraq strikes, missile attack

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Jun 14, 2019Oil Market: Middle East tanker attacks, US-Iran tensions in focus+4.3%
• Oct 11, 2019Oil rises 2% after reports of Iranian tanker attack | Reuters+0.9%
• Sep 30, 2024Oil prices rise 3% after Iran launches missiles at Israel+9.6%
• Jun 17, 2025Oil prices rise more than 4% as Iran-Israel conflict escalates | Reuters-1.7%
• Aug 31, 2026Brent nears $90 after US-Iran strikes: Why is crude oil price rising?+10.8%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Jun 14, 2019Oil Market: Middle East tanker attacks, US-Iran tensions in focus+8.5%
• Oct 11, 2019Oil rises 2% after reports of Iranian tanker attack | Reuters+0.6%
• Sep 30, 2024Oil prices rise 3% after Iran launches missiles at Israel+9.1%
• Jun 17, 2025Oil prices rise more than 4% as Iran-Israel conflict escalates | Reuters-9.9%
• Aug 31, 2026Brent nears $90 after US-Iran strikes: Why is crude oil price rising?+9.6%