WTI Oil Holds at $75.50 After US Bombs Iranian Nuclear Sites, Supply Fears Rise

WTI Oil Price Climbs to $75.50 on Geopolitical Escalation

West Texas Intermediate (WTI) crude oil trades around $75.50 in early Monday Asian hours, up over 2% from Friday’s close, as rising geopolitical tensions trigger fears of global supply disruption.

US Bombs Iran's Nuclear Sites, Market Reacts

Oil surged after US President Donald Trump confirmed strikes on three major Iranian nuclear sites — Natanz, Fordow, and Isfahan — over the weekend, coordinated with Israeli forces. Trump described the sites as "obliterated," prompting immediate risk re-pricing in crude oil futures.

Strait of Hormuz in Focus as Iran Threatens Closure

Traders are now pricing in the risk of Iranian retaliation, especially a potential closure of the Strait of Hormuz, a strategic chokepoint for nearly 20% of global oil shipments. Iranian lawmakers have reportedly passed legislation authorizing such a move, though it remains unexecuted.
If enacted, it would represent a seismic disruption in oil supply routes, sending prices much higher.

WTI Technical Levels and Outlook

While WTI briefly touched a five-month high of $76.74, profit-taking pulled it back to current levels. However, ongoing supply concerns and geopolitical uncertainty continue to provide a strong bullish backdrop.

Further upside could emerge if:

• Iran takes military or economic retaliatory action
• Global PMIs show robust demand trends
• Additional geopolitical actors join the conflict

Internal Linking Suggestions (for Tredu.com):

• Understanding the Strait of Hormuz and Oil Market Impact
• Live WTI Oil Price and Technical Chart
• US-Iran Tensions and Global Commodity Risks