# Iran oil: US to end sanctions exemptions for major importers

> The White House said sanctions waivers for China, India, Japan, South Korea and Turkey will expire in May, after which those buyers could face U.S. sanctions. The stated aim is to bring Iran's oil exports to zero.

- Date: 2019-04-22 · published 2019-04-22T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9606-iran-oil-us-to-end-sanctions-exemptions-for-major-importers
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Ending waivers for major importers removes a large volume of Iranian crude from world supply and supports higher crude prices.

## 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 | Details of the waiver expiry for major Iranian buyers (China, India, etc.) underpin the supply-loss narrative that sustained the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-22 | [Oil surges as US says it will end Iran sanctions waivers](https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers.md) | +0.4% | +2.4% |
| BRENT | 2018-09-14 | [Oil prices rise ahead of deadline for US sanctions on Iran \| The National](https://feedsoft.ai/events/63206-oil-prices-rise-ahead-of-deadline-for-us-sanctions-on-iran-the-national.md) | +1.2% | +3.7% |
| 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 | 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% |
| BRENT | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -7.8% | -22.1% |
| WTI | 2019-04-22 | [Oil surges as US says it will end Iran sanctions waivers](https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers.md) | -1.1% | -1.9% |
| WTI | 2018-09-14 | [Oil prices rise ahead of deadline for US sanctions on Iran \| The National](https://feedsoft.ai/events/63206-oil-prices-rise-ahead-of-deadline-for-us-sanctions-on-iran-the-national.md) | +3.2% | +3.5% |
| 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% |

## Sources

- bbc.com: https://www.bbc.com/news/world-middle-east-48011496

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