📊 Fundamental
Oil surged after strikes tied to Operation Midnight Hammer increased tension near the Strait of Hormuz. War-risk premiums and shipping disruption boosted prices while funds covering shorts accelerated the rally.
📊 Market Snapshot
West Texas Intermediate: ~$90.9 📈
Brent Crude: ~$94.1 📈
Both benchmarks hit 2026 highs as supply fears dominate trading.
📊 Supply Response
The OPEC+ announced a +206,000 bpd output increase starting April to calm markets, but warned cuts could return if conflict escalates.
📊 Macro Impact
Higher oil pushes inflation expectations up while the U.S. 10‑Year Treasury Yield moves toward 4.15%, tightening financial conditions for risk assets.
📊 Key Levels
$100: major psychological breakout zone
$85: key support if prices retrace
Traders answer this:
Break $100 for a $110–$130 spike 📈 or cool back toward $85 support 📉?
Comment your answer.
#oil #MiddleEastTensions #IranIsraelConflict
