Iran's Ambassador to Moscow: Strait of Hormuz to Remain Open but Transit Fee to Be Imposed - Reuters

While the news carries an element of geopolitical risk, it is not a development that directly affects GOOGL. On the technical side, the RSI stands at 48, indicating a neutral zone, and the MACD has crossed above the signal line but remains negative. The price is trading above the 20-day moving average but below the 50-day moving average. There is no clear directional signal in the short term.

The news indicates that the Strait of Hormuz will not be completely closed, but a transit fee will be imposed. While this reduces the risk of a supply disruption, it introduces a new cost factor that could create short-term pressure on oil prices. Technically, with the RSI at 73 in overbought territory, the likelihood of a correction has increased following a 2.6% rise in the last 24 hours. Although the MACD remains bullish, the overbought signal and uncertainty generated by the news could lead to a pullback from the $97.5 level. A sideways or slightly bearish trend is expected in the short term.

The news keeps oil supply concerns alive by increasing geopolitical risks. In technical indicators, the RSI is approaching overbought territory at 66.9, while the MACD continues to give a buy signal. The price is trading above the 20- and 50-day moving averages, maintaining short-term upward momentum. However, the pricing of the transit fee news and the elevated RSI suggest that the upside may be limited. Therefore, although the direction is upward, the confidence level is moderate.

Although the news increases geopolitical risk, the imposition of transit fees could raise oil costs. XOM stock is just above $150, with an RSI of 44 in the weak zone. The MACD is below the signal line, and the 20-day SMA closed below $152. If the $150 support level is broken in the short term, selling pressure may increase. However, since the net impact of the news is limited, I assess the outlook as bearish but with low conviction.