USOILCrude Oil (WTI)
92.02
-4.74%
SUPPORT:9085
RESISTANCE:95100
Past
What happened
WTI cratered $4.58 to $92.02 — a -4.7% session — as officials signalled a US-Iran deal to reopen the Strait of Hormuz is imminent.
Why
Why it matters
The market is unwinding the Hormuz risk premium in real time; positioning was overwhelmingly long, so the squeeze is mechanical, not fundamental.
Watch
What to watch
A signed deal accelerates the move toward $85; if talks collapse, $100 returns inside 48h. OPEC+ rhetoric is the wild card.
HEADLINES
- Brent oil gains 2% as US military strikes on Iran add to uncertainty on potential peace dealReuters
- Asian shares and oil prices are mixed after US launches strikes in southern IranAssociated Press
- Asian Equities, Oil Prices Mixed as Investors Parse Middle East DevelopmentsThe Wall Street Journal
- Asia stocks, oil prices mixed on US-Iran deal uncertaintyAFP
- USO, UCO, BATL, XOM Slip: Oil Dips Below $100 After Trump Says Iran Talks ‘Proceeding Nicely’Stocktwits