Oil prices are pulling back sharply as optimism grows that the conflict with Iran could end sooner than expected.
FLOWUSDT
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WTI crude dropped to around $88 per barrel while Brent slipped near $92, continuing the sell-off that started after comments suggesting a possible quick resolution to the war. Markets are also watching Saudi Arabia ramp up capacity through its East-West pipeline, which could help ease supply pressure.
PIXELUSDT
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However, the key factor for oil will be the Strait of Hormuz. If tankers begin moving through the route safely again, prices could fall further. But if the disruption lasts longer, restoring Middle East production may take time — which could keep volatility high.
SXTUSDT
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For now, traders remain cautious as geopolitics continues to drive the oil market.