Iran Surprises with Support for Trump's Plan to Charge Ship Passage Fees in Strait of Hormuz

The news is stoking geopolitical risks, fueling concerns over oil supply, which could push Brent prices higher in the short term. Technically, the RSI is at 53.5, indicating a neutral zone, while the MACD remains above zero and maintains positive momentum. The price is trading just below the 20-day moving average (85.34); a break above this level could accelerate the upward move. However, the surprise effect of the news and market reaction may be limited, so the upside expectation is supported with moderate confidence.

The news that Iran supports a toll plan in the Strait of Hormuz could increase geopolitical risks and revive oil supply concerns. Technically, WTI is trading above its 50-day moving average, with the RSI at 53 in neutral territory, and the MACD in positive territory but below the signal line. In the short term, this development may trigger a limited rise in oil prices, but the 20-day average at $79.80 should be monitored as resistance. The market may price this news as a potential supply disruption, but an overreaction is not expected.

The news could be perceived as a surprise that reduces geopolitical risks and may alleviate uncertainty over oil prices. XOM stock is technically in a strong uptrend; the RSI at 65 is not yet in overbought territory, while the MACD remains positive above its signal line. The price is trading above its 20- and 50-day moving averages, maintaining short-term upward momentum. However, after a 4.4% rise in the last 24 hours, the possibility of short-term profit-taking should not be overlooked.

The news may increase geopolitical risks, pushing oil prices higher and positively impacting energy stocks such as CVX. Technically, the RSI at 66 is approaching overbought territory, but the MACD remains above the signal line, and the price is trading above both the 20-day and 50-day moving averages. The 3.8% rise in the last 24 hours indicates strong momentum. However, in the short term, overbought signals and potential profit-taking could limit further upside.