# Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts

> The EIA's October Short-Term Energy Outlook forecasts Brent averaging $81/b in Q4 2018 and $75/b in 2019. It flags significant uncertainty from the reimposition of Iran sanctions and possible OPEC responses.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The forecast of elevated crude prices supports energy costs for feed logistics and biofuel economics, while the sanctions-driven uncertainty leaves the outlook open to sharp moves in either direction.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +13.7% | +0.1% |
| WTI | 2023-10-11 | [Oil, gasoline prices set to rise in 2024 as OPEC+ production cuts take their toll: EIA](https://feedsoft.ai/events/33795-oil-gasoline-prices-set-to-rise-in-2024-as-opec-production-cuts-take-their-toll.md) | +0.9% | -9.5% |
| WTI | 2023-08-01 | [EIA forecasts crude oil prices will increase through 2024 as demand rises above supply](https://feedsoft.ai/events/35198-eia-forecasts-crude-oil-prices-will-increase-through-2024-as-demand-rises-above.md) | +0.2% | -1.6% |
| WTI | 2022-04-19 | [EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/8172-eia-expects-summer-u-s-real-gasoline-and-diesel-prices-to-be-the-highest-since.md) | -8.3% | +5.4% |
| WTI | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -6.6% | +6.7% |
| BRENT | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +17.0% | +10.2% |
| BRENT | 2023-10-11 | [Oil, gasoline prices set to rise in 2024 as OPEC+ production cuts take their toll: EIA](https://feedsoft.ai/events/33795-oil-gasoline-prices-set-to-rise-in-2024-as-opec-production-cuts-take-their-toll.md) | +2.3% | -7.5% |
| BRENT | 2023-08-01 | [EIA forecasts crude oil prices will increase through 2024 as demand rises above supply](https://feedsoft.ai/events/35198-eia-forecasts-crude-oil-prices-will-increase-through-2024-as-demand-rises-above.md) | +0.6% | -0.6% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=37353

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