# Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg

> Brent futures closed 2.9% higher after U.S. Secretary of State Mike Pompeo said no more sanctions waivers would be issued for Iranian oil purchases. Iran threatened to shut the Strait of Hormuz in response.

- Date: 2019-04-21 · published 2019-04-21T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A threat to the Strait of Hormuz, a key chokepoint for Gulf exports, adds a large risk premium to crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -1.0% | +0.3% |
| BRENT | 2017-07-24 | [Saudis Focus on Oil-Export Curbs as Libya, Nigeria Pump More - Bloomberg](https://feedsoft.ai/events/69864-saudis-focus-on-oil-export-curbs-as-libya-nigeria-pump-more-bloomberg.md) | +9.4% | +8.5% |
| BRENT | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +23.1% | +16.8% |
| BRENT | 2018-10-03 | [Fresh Blow for Emerging Markets as Rising Oil Hits Importers - Bloomberg](https://feedsoft.ai/events/7667-fresh-blow-for-emerging-markets-as-rising-oil-hits-importers-bloomberg.md) | -0.2% | -11.1% |
| BRENT | 2026-04-02 | [Oil Jumps After Trump Vows to Hit Iran ‘Extremely Hard’ - WSJ](https://feedsoft.ai/events/12727-oil-jumps-after-trump-vows-to-hit-iran-extremely-hard-wsj.md) | -2.8% | +8.2% |
| WTI | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -3.4% | -3.9% |
| WTI | 2026-07-08 | [Soybean Oil Hits Three-Week High as US-Iran Ceasefire Dissolves - Bloomberg](https://feedsoft.ai/events/18449-soybean-oil-hits-three-week-high-as-us-iran-ceasefire-dissolves-bloomberg.md) | +12.5% | +7.9% |
| WTI | 2017-07-24 | [Saudis Focus on Oil-Export Curbs as Libya, Nigeria Pump More - Bloomberg](https://feedsoft.ai/events/69864-saudis-focus-on-oil-export-curbs-as-libya-nigeria-pump-more-bloomberg.md) | +8.6% | +6.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-04-21/oil-rises-on-signs-of-slowing-u-s-drilling-supply-disruption

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