Crude Oil (WTI)

Bullish

Archived analysis from Aug 7, 2026, 5:26 AM

Key insight

77.49 holds as geopolitical premium builds — Hormuz partial deal restricts key Gulf exporters, supply tail risk remains elevated.

Strait of Hormuz uncertainty + Houthi tanker strike lift WTI to $77.49, highest in recent sessions.

Main risk

Iran-Oman Hormuz Deal Collapse

Full Hormuz closure or deal breakdown spikes supply risk; partial deal at $77 already priced.

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