# Iran's possible return to oil markets likely to dominate Opec+ talks | The National

> OPEC+ is set to discuss a 2 million bpd increase through July, with the June ministerial meeting on June 1. Analysts say the group may hold off on the July increase, and a possible return of Iranian crude could arrive before Iran's June 18 presidential election. Covid-19 surges in India are adding uncertainty to demand.

- Date: 2021-05-30 · published 2021-05-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47012-iran-s-possible-return-to-oil-markets-likely-to-dominate-opec-talks-the-national
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A possible return of Iranian barrels alongside OPEC+ increases would add supply and could pressure crude prices. A pause in the July increase would limit that pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +4.6% | -23.5% |
| WTI | 2024-10-28 | [Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities  \| The National](https://feedsoft.ai/events/28027-oil-prices-drop-by-6-as-israel-s-strike-on-iran-avoids-energy-facilities-the.md) | -3.1% | -0.6% |
| WTI | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -9.6% | +0.2% |
| WTI | 2020-09-21 | [Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff - MarketWatch](https://feedsoft.ai/events/6766-oil-prices-down-4-on-expectations-for-return-of-libyan-crude-production-global.md) | -2.4% | -0.8% |
| WTI | 2026-10-29 | [Crude oil futures fall as US seeks to revive Iran peace talks - The HinduBusinessLine](https://feedsoft.ai/events/255-crude-oil-futures-fall-as-us-seeks-to-revive-iran-peace-talks-the.md) | -2.3% | — |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| BRENT | 2024-10-28 | [Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities  \| The National](https://feedsoft.ai/events/28027-oil-prices-drop-by-6-as-israel-s-strike-on-iran-avoids-energy-facilities-the.md) | -3.3% | -0.3% |
| BRENT | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -10.2% | -5.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/iran-s-possible-return-to-oil-markets-likely-to-dominate-opec-talks-1.1231757

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