Iran: Strait of Hormuz Will Not Open Until 7 Conditions Are Met

Iran's harsh statement regarding the Strait of Hormuz could increase regional supply risk and create an upward risk premium for Brent. The price is trading at 92.49, above the SMA20 (91.20) but below the SMA50 (93.30); short-term momentum is weak-to-positive. RSI is at 54.5 in neutral territory, while MACD is slightly above the signal line but still negative, indicating that the uptrend has not yet been confirmed. News flow may create a geopolitical premium, but unless the 93.30 resistance is broken, the upside may remain limited. On the downside, 91.20 should be monitored as support.

Iran's harsh statement regarding the Strait of Hormuz could create a geopolitical premium on WTI by increasing the risk of supply disruption. The price, at 86.62, is above the SMA20 (85.75) but stuck below the SMA50 (87.27); RSI at 53 is in neutral territory and MACD is slightly above its signal line, meaning momentum is weakly positive. Although the news supports an upward reaction in the short term, resistance at 87.27 is critical; a break above this level would confirm the move. On the downside, 85.75 should be watched as support. I keep confidence moderate, as geopolitical headlines can reverse quickly.