Natural Gas and Oil Forecast: WTI Jumps 8% as Hormuz Risks Return – $110 Next?

WTI crude jumped 8% as failed US-Iran talks and renewed naval blockade threats stoked supply disruption fears. The move highlights a market where geopolitical risk is overriding fundamentals, with the $100 per barrel level still acting as a major psychological resistance point. The shock is likely to ripple across energy markets and broader risk sentiment.

Analysis

WTI crude jumped 8% as failed US-Iran talks and renewed naval blockade threats stoked supply disruption fears. The move highlights a market where geopolitical risk is overriding fundamentals, with the $100 per barrel level still acting as a major psychological resistance point. The shock is likely to ripple across energy markets and broader risk sentiment.