Crude Oil (WTI)

Neutral

Archived analysis from Aug 10, 2026, 1:38 PM

Key insight

Hormuz talks stall — no Iran-Oman deal signed; $79 resistance caps bounce off $55 52-week low zone.

Rebounds +1.6% to $78.76 but prior week's -7% slump not reversed; Hormuz deal unresolved.

Main risk

Strait of Hormuz closure risk

Permanent ban by Iran would spike WTI above $90; deal resolution crushes premium to $72.

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