Persian Gulf

WTI and Brent remain caught between recovering Persian Gulf crude exports and lingering uncertainty around U.S.-Iran tensions. Natural gas retains a firmer tone as constrained LNG flows and technical support near $3.11 keep buyers focused on upside levels.

WTI and Brent remain caught between recovering Persian Gulf crude flows and persistent geopolitical uncertainty around Iran and the Hormuz Strait. Natural gas retains a firmer technical tone as tight LNG conditions and support near $3.11 keep bulls engaged.

Crude oil prices remain firm as escalating Middle East tensions raise concerns about shipping, tanker traffic, and potential supply disruption through the Gulf. Technical traders are watching WTI near $93.80 and Brent in the $100 to $102 area for signals on whether the rally can extend toward higher targets.

WTI and Brent remained supported as attacks on commercial tankers and weaker traffic through the Strait of Hormuz kept Middle East supply risk firmly priced into crude. OPEC+ left October production unchanged, while tighter inventories and record diesel prices added another layer of support for oil buyers.

Crude oil markets remain supported after a temporary U.S.-Iran agreement expired without fresh talks, leaving the Strait of Hormuz risk premium intact. Thin ship traffic through the waterway and stronger refined product margins are keeping sellers on the defensive.

Crude oil markets remain pressured as traders weigh Middle East transit risks, limited Gulf exports and technical breakdowns in WTI and Brent. Natural gas is attempting to recover, but resistance levels and strong U.S. production continue to limit bullish momentum.

USD/ILS is holding near 3.02950 after the Bank of Israel cut interest rates by 0.25%, pushing the pair higher in recent sessions. Traders are also watching regional tensions, with 3.00000 emerging as a key psychological support area.