Oil surges as U.S. pushes allies to halt imports of Iranian crude

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Apr 22, 2019U.S. to end all waivers on imports of Iranian oil, crude price jumps-1.1%
• Jun 26, 2018Oil surges after State Dept orders buyers to cut Iranian imports+6.7%
• Oct 11, 2019Oil rises 2% after reports of Iranian tanker attack | Reuters+0.6%
• Mar 6, 2022Oil price surges to highest since 2008 on delays in Iranian talks | Reuters-5.5%
• Mar 29, 2019Japanese refiners halt Iran oil imports as waiver expiry looms | Reuters+4.8%

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Apr 22, 2019U.S. to end all waivers on imports of Iranian oil, crude price jumps+0.4%
• Jun 26, 2018Oil surges after State Dept orders buyers to cut Iranian imports+4.4%
• Oct 11, 2019Oil rises 2% after reports of Iranian tanker attack | Reuters+0.9%
• Mar 6, 2022Oil price surges to highest since 2008 on delays in Iranian talks | Reuters-4.6%
• Mar 29, 2019Japanese refiners halt Iran oil imports as waiver expiry looms | Reuters+4.0%