U.S. allows eight importers to keep buying Iran oil for now

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Nov 2, 2018Oil falls as US allows Iran sanctions waivers-4.6%
• Jul 19, 2021Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases | Reuters+0.6%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+16.0%
• Apr 27, 2021OPEC+ sticks to plan to ease oil output cuts from May 1 | Reuters+3.2%
• Jul 5, 2026OPEC+ approves further oil output increase as Hormuz exports start to recover | Reuters+7.0%

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Nov 2, 2018Oil falls as US allows Iran sanctions waivers-4.7%
• Jul 19, 2021Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases | Reuters+0.6%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+13.5%
• Apr 27, 2021OPEC+ sticks to plan to ease oil output cuts from May 1 | Reuters+4.0%
• Jul 5, 2026OPEC+ approves further oil output increase as Hormuz exports start to recover | Reuters+3.9%