# Tillerson's firing injects uncertainty into oil markets

> President Trump removed Rex Tillerson as Secretary of State and named CIA Director Mike Pompeo, a critic of the Iran nuclear deal, as his replacement. Analysts said the change raises the risk of US withdrawal from the Iran deal and of new sanctions on Venezuela.

- Date: 2018-03-13 · published 2018-03-13T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/66169-tillerson-s-firing-injects-uncertainty-into-oil-markets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Possible US exit from the Iran nuclear deal or new Venezuela sanctions could cut crude supply and lift oil prices, which raises energy and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.5% | +5.2% |
| WTI | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +1.7% | -7.4% |
| WTI | 2025-10-23 | [Oil markets rally following US sanctions on Russian oil giants](https://feedsoft.ai/events/10176-oil-markets-rally-following-us-sanctions-on-russian-oil-giants.md) | +3.3% | +1.6% |
| WTI | 2022-12-04 | [OPEC oil cartel holds production steady in face of Russia sanctions uncertainty \| Money News \| Sky News](https://feedsoft.ai/events/38144-opec-oil-cartel-holds-production-steady-in-face-of-russia-sanctions-uncertainty.md) | -11.1% | -3.8% |
| WTI | 2026-09-30 | [Oil prices rise by about $1/bbl on stalled US-Iran talks and tight fuel markets - CNA](https://feedsoft.ai/events/17633-oil-prices-rise-by-about-1-bbl-on-stalled-us-iran-talks-and-tight-fuel-markets.md) | +0.1% | +8.9% |
| BRENT | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.7% | +3.8% |
| BRENT | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +2.4% | -6.4% |
| BRENT | 2025-10-23 | [Oil markets rally following US sanctions on Russian oil giants](https://feedsoft.ai/events/10176-oil-markets-rally-following-us-sanctions-on-russian-oil-giants.md) | +4.1% | +1.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/03/13/tillersons-firing-injects-uncertainty-into-oil-markets.html

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