# Oil rises on supply losses, US push to isolate Iran

> U.S. light crude settled at $72.76, its best close since November 2014, after supply outages in Canada and Libya and a 9.9 million barrel draw in U.S. crude stocks. U.S. officials said all countries should stop Iranian crude imports by November.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: geopolitics · region Iran · magnitude high
- Page: https://feedsoft.ai/events/8779-oil-rises-on-supply-losses-us-push-to-isolate-iran
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Combined supply outages and planned Iranian export losses point to a tighter crude market, supporting higher energy and input costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2018-06-27 | 5 | +14.9% | 3.8 | Canadian and Libyan outages, the large US stock draw and the Iran sanctions push combined to lift WTI to its best close since 2014 on 6/27. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -8.1% | -22.7% |
| WTI | 2024-03-19 | [Oil rises to multi-month highs on Russian supply concerns](https://feedsoft.ai/events/31370-oil-rises-to-multi-month-highs-on-russian-supply-concerns.md) | -1.3% | +3.1% |
| 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 | 2018-09-27 | [Oil rises as investors fret over Iranian supply gaps](https://feedsoft.ai/events/63232-oil-rises-as-investors-fret-over-iranian-supply-gaps.md) | +6.1% | -7.4% |
| WTI | 2025-03-31 | [Oil prices climb 2% to five-week high on Russia, Iran supply worries](https://feedsoft.ai/events/25748-oil-prices-climb-2-to-five-week-high-on-russia-iran-supply-worries.md) | -10.5% | -9.7% |
| BRENT | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -5.7% | -24.9% |
| BRENT | 2024-03-19 | [Oil rises to multi-month highs on Russian supply concerns](https://feedsoft.ai/events/31370-oil-rises-to-multi-month-highs-on-russian-supply-concerns.md) | -0.2% | +4.6% |
| 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/2018/06/27/oil-supply-disruptions-in-focus-as-us-tries-to-cut-iran-from-markets.html

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