US crude futures fall $4.45 or 3.94% to $108.50/bbl on open

U.S. WTI crude fell in early trade on Wednesday roughly two hours before President Trump's deadline for Iran to open the Strait of Hormuz. The move reflects near-term geopolitical risk; potential escalation or supply disruptions around the Strait could add significant volatility and a risk premium to oil markets.

Analysis

U.S. WTI crude fell in early trade on Wednesday roughly two hours before President Trump's deadline for Iran to open the Strait of Hormuz. The move reflects near-term geopolitical risk; potential escalation or supply disruptions around the Strait could add significant volatility and a risk premium to oil markets.