Diesel Export BAN

Crude oil traders continue to price in a security premium even as Middle East exports remain close to normal. WTI and Brent futures are holding a constructive technical bias, with key chart levels guiding the next move.

Oil prices are consolidating as recovering Middle East crude flows limit further upside while stalled US-Iran talks and fuel shortages keep supply concerns alive. WTI traders are watching the $93 breakout level, while Brent’s $95 support remains central to the next directional move.

WTI and Brent weakened as traders weighed diplomatic headlines, a sharp fall in gasoline futures and talk of a possible U.S. diesel export ban. Hormuz traffic remains deeply constrained, keeping a supply-risk floor under a market still testing key technical levels.