---
title: Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash.
description: "But as always, things should be put into perspective: Iran has raised oil output over the last few years, with majority of exports going to buyers in China. Output is now >3mln bbl/d, the highest since 2019, making it the 3rd-biggest producer among OPEC members. But there are questions about how much higher Iran can take production considering capacity constraints. (BBG)\nSource: HolgerZ"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash.](https://blog.syzgroup.com/syz-the-moment/brent-crude-futures-extended-gains-on-monday-inching-up-amid-political-uncertainty-in-major-producing-countries-after-irans-president-died-in-a-helicopter-crash)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 21, 2024, 12:49:37 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/brent-crude-futures-extended-gains-on-monday-inching-up-amid-political-uncertainty-in-major-producing-countries-after-irans-president-died-in-a-helicopter-crash)

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