USOILCrude Oil (WTI)
99.00
+3.75%
SUPPORT:96.595
RESISTANCE:100.5103
Past
What happened
WTI surged 3.75% to $99.00 after Trump rejected Iran's peace offer over Strait of Hormuz demands. Brent pushed above $100.
Why
Why it matters
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.
Watch
What to watch
$100 psychological resistance is the line. Break above opens $103-$105 range. De-escalation headline could slam it back to $95.
HEADLINES