# Oil ends higher on U.S. response to Iran nuclear deal comments

> Brent settled up $1.00 at $101.22 and U.S. crude rose $1.15 to $94.89 a barrel, after both benchmarks fell more than $1 earlier in the session. Traders reacted to U.S. comments on a possible Iran nuclear deal that could return Iranian oil to the market.

- Date: 2022-08-24 · published 2022-08-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Prospects of returning Iranian barrels cap crude upside, which in turn limits biofuel-driven support for vegetable oils and soybean oil.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-09 | [European nitrogen market rallies on gas price hike, Iran conflicts \| S&P Global](https://feedsoft.ai/events/20464-european-nitrogen-market-rallies-on-gas-price-hike-iran-conflicts-s-and-p-global.md) | +8.5% | +25.0% |
| WTI | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.4% | -1.9% |
| WTI | 2018-05-17 | [Fertilizer trade hit by cancellation of Iran deal - Inside: Manure Market \| Boerenbusiness. Nl](https://feedsoft.ai/events/64956-fertilizer-trade-hit-by-cancellation-of-iran-deal-inside-manure-market.md) | +0.6% | -6.4% |
| WTI | 2025-11-01 | [Oil Rises on Reports US Plans to Strike OPEC Producer Venezuela](https://feedsoft.ai/events/22561-oil-rises-on-reports-us-plans-to-strike-opec-producer-venezuela.md) | -2.0% | -3.4% |
| WTI | 2026-06-28 | [Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains \| Financial News](https://feedsoft.ai/events/18987-oil-settles-up-on-us-iran-strikes-cautious-hopes-for-shipping-cap-gains.md) | -0.8% | +30.0% |
| BRENT | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.1% | +0.0% |
| BRENT | 2025-11-19 | [Europe Diesel Crack Hits Two-Year High on Supply Fears - OPIS, A Dow Jones Company](https://feedsoft.ai/events/11479-europe-diesel-crack-hits-two-year-high-on-supply-fears-opis-a-dow-jones-company.md) | -2.5% | -8.4% |
| BRENT | 2017-01-24 | [Yemen’s Red Sea ports could be key to ending conflict with Houthis \| The National](https://feedsoft.ai/events/72880-yemen-s-red-sea-ports-could-be-key-to-ending-conflict-with-houthis-the-national.md) | -0.0% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-fall-fears-imminent-opec-output-cut-recede-2022-08-24/

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