# Oil prices rise ahead of deadline for US sanctions on Iran | The National

> Brent rose 2.2 per cent over the week to around $78.43 as markets focused on U.S. sanctions against Iranian crude, with petroleum-sector sanctions due November 4. Indian refiners planned to cut Iranian loadings for September and October by nearly half. WTI traded near $69.

- Date: 2018-09-14 · published 2018-09-14T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63206-oil-prices-rise-ahead-of-deadline-for-us-sanctions-on-iran-the-national
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Looming Iranian supply losses support crude prices and energy costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-01-29 | [Oil prices rise as US imposes sanctions on Venezuela](https://feedsoft.ai/events/61242-oil-prices-rise-as-us-imposes-sanctions-on-venezuela.md) | +5.2% | +6.8% |
| WTI | 2019-06-14 | [Oil prices rise for second day after Gulf of Oman tanker attacks \| The National](https://feedsoft.ai/events/58758-oil-prices-rise-for-second-day-after-gulf-of-oman-tanker-attacks-the-national.md) | +8.5% | +14.7% |
| WTI | 2017-07-31 | [Oil prices rebound ahead of the session's close](https://feedsoft.ai/events/70133-oil-prices-rebound-ahead-of-the-session-s-close.md) | -0.3% | -4.0% |
| WTI | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.1% | +8.4% |
| 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% |
| BRENT | 2019-01-29 | [Oil prices rise as US imposes sanctions on Venezuela](https://feedsoft.ai/events/61242-oil-prices-rise-as-us-imposes-sanctions-on-venezuela.md) | +4.3% | +7.6% |
| BRENT | 2019-06-14 | [Oil prices rise for second day after Gulf of Oman tanker attacks \| The National](https://feedsoft.ai/events/58758-oil-prices-rise-for-second-day-after-gulf-of-oman-tanker-attacks-the-national.md) | +4.3% | +7.7% |
| BRENT | 2017-07-31 | [Oil prices rebound ahead of the session's close](https://feedsoft.ai/events/70133-oil-prices-rebound-ahead-of-the-session-s-close.md) | +0.4% | -0.2% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/oil-prices-rise-ahead-of-deadline-for-us-sanctions-on-iran-1.770241

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