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Oil Price Forecast: WTI and Brent Push Toward Key Breakout Zones as Iran Risk Premium Returns
FORECASTSJUL 9, 2026
Oil Price Forecast: WTI and Brent Push Toward Key Breakout Zones as Iran Risk Premium Returns
Oil prices rallied after President Donald Trump said the interim deal with Iran was over, reviving a Gulf risk premium across crude markets. WTI is testing the $79 to $80 resistance area, while Brent is hovering near $81 as traders assess whether headline-driven momentum can extend further.