# Oil surges as US says it will end Iran sanctions waivers

> The Trump administration said it will stop granting sanctions waivers to countries still importing Iranian crude after May 2. Oil settled up about 2.7% to a near six-month high, with Brent at $74.04.

- Date: 2019-04-22 · published 2019-04-22T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The move could remove about 1 million barrels per day from the market, a major supply shock that pushes crude prices up.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-04-23 | 1 | +5.2% | 3.6 | The April 22 US announcement ending Iran waivers set up the rally and carried momentum into April 23, though it largely predates the move window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-22 | [Iran oil: US to end sanctions exemptions for major importers](https://feedsoft.ai/events/9606-iran-oil-us-to-end-sanctions-exemptions-for-major-importers.md) | +0.4% | +2.4% |
| BRENT | 2019-04-23 | [Oil surges amid OPEC caution to offset Iran sanctions](https://feedsoft.ai/events/9603-oil-surges-amid-opec-caution-to-offset-iran-sanctions.md) | -1.0% | +0.3% |
| BRENT | 2025-10-22 | [Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil \| Reuters](https://feedsoft.ai/events/8126-oil-surges-5-after-us-sanctions-russian-firms-rosneft-lukoil-reuters.md) | +5.0% | +6.1% |
| BRENT | 2019-06-20 | [US oil surges to $56.65 after Trump says Iran made a 'mistake'](https://feedsoft.ai/events/12317-us-oil-surges-to-56-65-after-trump-says-iran-made-a-mistake.md) | +7.0% | +2.1% |
| BRENT | 2019-04-22 | [U.S. to end all waivers on imports of Iranian oil, crude price jumps](https://feedsoft.ai/events/9604-u-s-to-end-all-waivers-on-imports-of-iranian-oil-crude-price-jumps.md) | +0.4% | +2.4% |
| WTI | 2019-04-22 | [Iran oil: US to end sanctions exemptions for major importers](https://feedsoft.ai/events/9606-iran-oil-us-to-end-sanctions-exemptions-for-major-importers.md) | -1.1% | -1.9% |
| WTI | 2019-04-23 | [Oil surges amid OPEC caution to offset Iran sanctions](https://feedsoft.ai/events/9603-oil-surges-amid-opec-caution-to-offset-iran-sanctions.md) | -3.4% | -3.9% |
| WTI | 2025-10-22 | [Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil \| Reuters](https://feedsoft.ai/events/8126-oil-surges-5-after-us-sanctions-russian-firms-rosneft-lukoil-reuters.md) | +4.0% | +4.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/04/22/energy-prices-up-on-reported-end-to-sanctions-waiver-for-iranian-oil.html

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