Iraq Strikes U.S. Deal to Boost Oil Exports Through Hormuz

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Feb 28, 2025Oil falls on White House spat, tariffs, Iraq exports - The Business Times-5.7%
• Apr 17, 2026Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open+1.3%
• May 5, 2026Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz | Reuters-9.6%
• Apr 17, 2026Oil settles down 9% after Iran declares Strait of Hormuz open | Reuters+1.3%
• Jun 25, 2026Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times-3.4%

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Feb 28, 2025Oil falls on White House spat, tariffs, Iraq exports - The Business Times-5.7%
• Apr 17, 2026Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open+2.3%
• May 5, 2026Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz | Reuters-7.6%
• Apr 17, 2026Oil settles down 9% after Iran declares Strait of Hormuz open | Reuters+2.3%
• Jun 25, 2026Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times-2.4%