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WTI Crude Oil Enters Nervous Week as Hormuz Strait Tensions Test Market Calm
FORECASTSJUL 12, 2026
WTI Crude Oil Enters Nervous Week as Hormuz Strait Tensions Test Market Calm
WTI crude oil ended the weekend around $70.975 after retreating from midweek highs, even as tensions around the Hormuz Strait persisted. Energy traders now face a potentially combustible Monday open as U.S.-Iran developments threaten to reshape sentiment quickly.