Aramco CEO: Oil Market Could Lose 100 Million Barrels Per Week if Hormuz Strait Closes

Although the news increases geopolitical risks, it is not expected to have a direct impact on GOOGL stock. Technical indicators show the RSI at 54.76, in neutral territory, and the MACD remains below its signal line. The price is trading just below the 20-day moving average (397.60), indicating short-term direction uncertainty. A potential rise in oil prices could create general pressure on technology stocks, but this effect may be limited. Therefore, a sideways trend is expected in the short term.

The news headline emphasizes that a closure of the Strait of Hormuz would result in a significant supply disruption. Such geopolitical risks have the potential to push oil prices higher in the short term. Technical indicators present mixed signals: the RSI is neutral at 50, the MACD is below the signal line, and the price is below the 20-day moving average. However, there has been a 3.3% rise in the last 24 hours, and the price remains above the 50-day moving average. Therefore, a short-term upward movement driven by the news is possible, but the likelihood of a strong rally is limited due to technical resistance levels and neutral indicators.

Although the news headline highlights a geopolitical risk, no concrete closure event has occurred, so it is not expected to have an immediate impact on the market. Technical indicators show that the price is below the 20-day moving average but above the 50-day moving average, with the RSI in neutral territory at 46.6. The MACD line remains below the signal line, indicating short-term weakness. Despite a 2.9% rise in the last 24 hours, the overall technical outlook does not signal a clear direction. Therefore, the price is likely to fluctuate within the current range in the short term.

Although the news headline emphasizes geopolitical risk, it creates uncertainty and could increase selling pressure in the short term. XOM stock has fallen 5.6% in the last 24 hours, with its RSI dropping to 44.9, below the neutral zone, indicating weak momentum. The MACD line is below the signal line and in negative territory, supporting a bearish trend. While the price is just above the 20-day moving average, it remains below the 50-day average, suggesting potential short-term resistance. Therefore, a bearish movement can be expected in the near term.