Oil price news

Markets react to the ceasefire deal between the US and Iran with oil dropping over 10% from the recent highs

Crude oil prices remain elevated after disruption to flows through the Strait of Hormuz tightened supply expectations and prompted analysts to revise 2026 forecasts higher. Past performance is not a reliable indicator of future results. Explore third-party crude oil price targets and technicals.

The technical overview remains volatile in the face of the geopolitical event, and in sentiment it’s a story of heavy to extreme long bias among traders both large and small.

Markets face a binary outcome as Trump imposes a timeline for Iran to unblock the Strait of Hormuz

Markets remain focused on the developments in the Middle East as central banks will be put on the spotlight this week.

Technicals turn negative in the shorter-term time frames, while in sentiment there’s a shift back to net long for CoT speculators.

Oil prices jump higher as Iran elects a new leader, dragging out the conflict as the Strait of Hormuz faces continued disruption.

Technicals weaken in the shorter-term time frame, while in sentiment CoT speculators are finally net short all four U.S. equity indices.

Risk-off flows spread through markets as the escalation of attacks in the Middle East increases the risk premium.

Technical overview remains volatile on the daily time frame, while in sentiment it’s a story of heavy to extreme buy bias.