Oil prices settle $1 higher after US issues new Iran-related sanctions

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.

• Jan 10, 2025Oil prices rally 3% as US hits Russian oil with tougher sanctions+5.4%
• Feb 24, 2025Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+-0.9%
• Apr 16, 2024Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel-3.7%
• Oct 23, 2025Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes | AP News+4.1%
• Aug 31, 2026Oil prices settle up more than $4 a barrel on renewed US-Iran fighting | Reuters+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.

• Jan 10, 2025Oil prices rally 3% as US hits Russian oil with tougher sanctions+7.0%
• Feb 24, 2025Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+-1.0%
• Apr 16, 2024Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel-2.8%
• Oct 23, 2025Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes | AP News+3.3%
• Aug 31, 2026Oil prices settle up more than $4 a barrel on renewed US-Iran fighting | Reuters+9.6%