# Saudi Arabia will not act alone to fill any Iran oil shortfall: OPEC source

> An OPEC source said any decision in June to raise output should be driven by a physical shortage or production drop from any supply source, not only Iran. Saudi Arabia would not act alone to replace any Iranian oil shortfall. The comments came amid expectations that Iranian exports could be disrupted by sanctions.

- Date: 2018-05-09 · published 2018-05-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/64941-saudi-arabia-will-not-act-alone-to-fill-any-iran-oil-shortfall-opec-source
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Sanctions-driven supply losses from Iran could tighten crude markets if OPEC does not respond, which supports energy prices. Any rise in crude costs would also raise biofuel feedstock and transport costs.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-01-09 | [OPEC won’t react to small, short-lived oil supply disruptions: senior OPEC source \| NAI 500](https://feedsoft.ai/events/66899-opec-won-t-react-to-small-short-lived-oil-supply-disruptions-senior-opec-source.md) | +2.9% | -0.7% |
| BRENT | 2022-04-12 | [Insight: Saudi Arabia leads OPEC decision to drop IEA data as US ties fray](https://feedsoft.ai/events/41757-insight-saudi-arabia-leads-opec-decision-to-drop-iea-data-as-us-ties-fray.md) | +8.3% | +4.4% |
| BRENT | 2020-04-09 | [Saudi Arabia and Russia end their oil-price war with output cut agreement](https://feedsoft.ai/events/53548-saudi-arabia-and-russia-end-their-oil-price-war-with-output-cut-agreement.md) | -20.8% | -7.2% |
| BRENT | 2019-04-23 | [Oil surges amid OPEC caution to offset Iran sanctions](https://feedsoft.ai/events/9603-oil-surges-amid-opec-caution-to-offset-iran-sanctions.md) | -1.0% | +0.3% |
| BRENT | 2022-10-08 | [Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg](https://feedsoft.ai/events/39060-why-did-saudi-arabia-defy-biden-to-keep-oil-prices-high-bloomberg.md) | -6.6% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-iran-nuclear-opec/saudi-arabia-will-not-act-alone-to-fill-any-iran-oil-shortfall-opec-source-idUSKBN1IA1UZ/

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