# Oil rises as investors fret over Iranian supply gaps

> US crude rose 55 cents to settle at $72.12 a barrel on September 27, and Brent futures were near $81.55. Markets priced in a possible supply shortfall once US sanctions on Iran take effect in about five weeks. Saudi Arabia reportedly planned to add extra oil to offset the drop in Iranian output.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63232-oil-rises-as-investors-fret-over-iranian-supply-gaps
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tighter crude supply lifts diesel and fuel costs for feed mills and transport, and it supports biofuel economics that tie into soybean oil and corn demand. Higher energy prices also feed through to fertilizer and freight costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-02 | [Oil rises as investors focus on OPEC+ decision](https://feedsoft.ai/events/43759-oil-rises-as-investors-focus-on-opec-decision.md) | +10.6% | +17.4% |
| WTI | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.0% | +3.4% |
| WTI | 2023-03-30 | [Oil rises over 1% on Iraqi supply risks, U.S. crude draw \| Reuters](https://feedsoft.ai/events/36774-oil-rises-over-1-on-iraqi-supply-risks-u-s-crude-draw-reuters.md) | +10.6% | +2.5% |
| WTI | 2026-01-23 | [Oil Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears \| Investing.com](https://feedsoft.ai/events/21232-oil-prices-rebound-as-trump-s-iran-armada-rhetoric-revives-supply-fears.md) | +9.6% | +12.3% |
| WTI | 2026-08-31 | [Oil prices jump 4% as fresh US-Iran fighting stokes supply fears](https://feedsoft.ai/events/18067-oil-prices-jump-4-as-fresh-us-iran-fighting-stokes-supply-fears.md) | +9.6% | +4.0% |
| BRENT | 2021-12-02 | [Oil rises as investors focus on OPEC+ decision](https://feedsoft.ai/events/43759-oil-rises-as-investors-focus-on-opec-decision.md) | +9.7% | +14.1% |
| BRENT | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.8% | +0.5% |
| BRENT | 2023-03-30 | [Oil rises over 1% on Iraqi supply risks, U.S. crude draw \| Reuters](https://feedsoft.ai/events/36774-oil-rises-over-1-on-iraqi-supply-risks-u-s-crude-draw-reuters.md) | +9.7% | +1.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/27/oil-markets-impending-us-sanctions-on-iran-in-focus.html

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