# Oil gains 1 percent ahead of shortfall in Iran supply - Economy - Business - Ahram Online

> Oil rose nearly 1 percent on Thursday as the prospect of a global supply shortfall grew ahead of U.S. sanctions on Iranian crude in about five weeks. Brent was at $81.26, just off Tuesday's four-year high of $82.55. Analysts said OPEC and Russia were unlikely to respond immediately to Trump's demands for more output.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63205-oil-gains-1-percent-ahead-of-shortfall-in-iran-supply-economy-business-ahram
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected Iranian supply losses and OPEC reluctance keep crude firm, supporting diesel and energy input costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-06-20 | [Oil prices surge after Iran shoots down US drone \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/12319-oil-prices-surge-after-iran-shoots-down-us-drone-business-and-economy-al-jazeera.md) | +10.2% | +2.6% |
| WTI | 2023-08-31 | [Oil Rises on Gabon Supply Fears, US Crude Inventories Draw \| Business Post Nigeria](https://feedsoft.ai/events/34760-oil-rises-on-gabon-supply-fears-us-crude-inventories-draw-business-post-nigeria.md) | +6.4% | +12.3% |
| WTI | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -7.1% | -8.3% |
| WTI | 2022-01-31 | [Supply, geopolitics put oil on track - Markets - Business Recorder](https://feedsoft.ai/events/43296-supply-geopolitics-put-oil-on-track-markets-business-recorder.md) | +5.6% | +9.8% |
| WTI | 2024-04-26 | [Oil settles higher on supply concerns in the Mideast, economic woes subdue gains \| Reuters](https://feedsoft.ai/events/30632-oil-settles-higher-on-supply-concerns-in-the-mideast-economic-woes-subdue-gains.md) | -5.2% | -8.5% |
| BRENT | 2019-06-20 | [Oil prices surge after Iran shoots down US drone \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/12319-oil-prices-surge-after-iran-shoots-down-us-drone-business-and-economy-al-jazeera.md) | +7.0% | +2.1% |
| BRENT | 2019-05-01 | [How the US move on Iran oil could hit India's basmati rice exports \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/59033-how-the-us-move-on-iran-oil-could-hit-india-s-basmati-rice-exports-economy-and.md) | -2.9% | -3.4% |
| BRENT | 2023-08-31 | [Oil Rises on Gabon Supply Fears, US Crude Inventories Draw \| Business Post Nigeria](https://feedsoft.ai/events/34760-oil-rises-on-gabon-supply-fears-us-crude-inventories-draw-business-post-nigeria.md) | +5.7% | +12.3% |

## Sources

- english.ahram.org.eg: https://english.ahram.org.eg/NewsContentP/3/312304/Business/Oil-gains--percent-ahead-of-shortfall-in-Iran-supp.aspx

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