// COMPARE

WTI surged 3.75% to $99.00 after Trump rejected Iran's peace offer over Strait of Hormuz demands. Brent pushed above $100.

The failed diplomacy reignites supply disruption fears. Iran exports 1.5M bbl/day — any escalation threatens the already-tight global supply balance with OPEC+ slow to add barrels.

$100 psychological resistance is the line. Break above opens $103-$105 range. De-escalation headline could slam it back to $95.

Gold dropped $35 to $4,684 despite Trump rejecting Iran's peace deal. Risk-on flows into equities and crypto pulled capital away from the safe haven.

Gold's failure to rally on geopolitical escalation is a bearish signal. The metal is trading as a crowded long, not a hedge — profit-taking dominates.

US CPI Tuesday is the swing factor. Hot print revives real-rate fears and pressures gold further; soft print restores $4,730+.