Iraq

WTI crude oil is trading in a higher price tier as uncertainty around Hormuz Strait tanker flows continues to shape sentiment. Traders are watching $86.850 resistance and $86.200 support as geopolitical headlines and speculative momentum drive fast price swings.

WTI crude oil has returned to a fast-moving trading environment as renewed Middle East tensions unsettle short-term sentiment. Technical traders are watching nearby resistance and support as sudden headlines continue to shape intraday price action.

WTI crude oil remains trapped in a volatile trading zone after a sharp gap higher at the start of the week failed to produce a sustained break above $80. Middle East conflict risks, US Iran rhetoric and supply expectations are keeping short term oil sentiment tense.