By tredu.com • 6/23/2025
Tredu
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.
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.
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.
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:
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By Tredu.com · 8/29/2025
By Tredu.com · 8/29/2025
By Tredu.com · 8/29/2025