# Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel

> WTI settled at $85.36 and Brent at $90.02 as the US prepared new sanctions that could target Iranian oil exports after Iran's attack on Israel. Treasury Secretary Janet Yellen said Iran was still exporting some oil and more measures could follow.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Possible sanctions on Iranian crude would tighten available supply and support prices. The threat adds a risk premium to crude that feeds through to diesel and freight costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-03-20 | [Oil prices settle $1 higher after US issues new Iran-related sanctions](https://feedsoft.ai/events/25757-oil-prices-settle-1-higher-after-us-issues-new-iran-related-sanctions.md) | +3.9% | -6.8% |
| WTI | 2023-10-09 | [Brent, WTI prices jump after Hamas attack on Israel](https://feedsoft.ai/events/9279-brent-wti-prices-jump-after-hamas-attack-on-israel.md) | +5.9% | -2.2% |
| WTI | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +10.2% | +1.1% |
| WTI | 2024-10-31 | [Oil gains more than $2 after settlement on reports Iran preparing Israel attack](https://feedsoft.ai/events/28023-oil-gains-more-than-2-after-settlement-on-reports-iran-preparing-israel-attack.md) | +4.5% | +0.2% |
| WTI | 2023-10-09 | [Oil prices rise following Hamas attack on Israel](https://feedsoft.ai/events/9280-oil-prices-rise-following-hamas-attack-on-israel.md) | +5.9% | -2.2% |
| BRENT | 2025-03-20 | [Oil prices settle $1 higher after US issues new Iran-related sanctions](https://feedsoft.ai/events/25757-oil-prices-settle-1-higher-after-us-issues-new-iran-related-sanctions.md) | +4.0% | -6.3% |
| BRENT | 2023-10-09 | [Brent, WTI prices jump after Hamas attack on Israel](https://feedsoft.ai/events/9279-brent-wti-prices-jump-after-hamas-attack-on-israel.md) | +7.4% | +0.0% |
| BRENT | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +12.0% | -0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/04/16/oil-prices-fall-for-second-day-as-us-expects-limited-israel-response-to-iran-attack.html

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