# Oil hits nearly 6-month highs as US aims to slash Iran's crude exports

> WTI settled up 1.1% at $66.30 and Brent traded near $74.57 as oil hit nearly six-month highs. The rally followed Washington's plan to cut Iranian crude exports by ending sanctions waivers.

- Date: 2019-04-23 · published 2019-04-23T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected removal of Iranian barrels from the market keeps supply tight and supports 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 | Same-day report of oil at near six-month highs on the US plan to cut Iranian exports to zero, a supply-side driver of the Brent jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | +0.4% | +2.4% |
| BRENT | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +4.1% | +1.9% |
| BRENT | 2018-06-26 | [Oil surges as U.S. pushes allies to halt imports of Iranian crude \| Reuters](https://feedsoft.ai/events/8778-oil-surges-as-u-s-pushes-allies-to-halt-imports-of-iranian-crude-reuters.md) | +4.4% | -0.7% |
| 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 | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.3% | +5.1% |
| WTI | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | -1.1% | -1.9% |
| WTI | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +3.3% | +1.6% |
| WTI | 2018-06-26 | [Oil surges as U.S. pushes allies to halt imports of Iranian crude \| Reuters](https://feedsoft.ai/events/8778-oil-surges-as-u-s-pushes-allies-to-halt-imports-of-iranian-crude-reuters.md) | +6.7% | +1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/04/23/oil-market-us-iran-sanction-waivers-opec-supply-cuts-in-focus.html

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