Crude Oil (WTI)

Bullish

Archived analysis from Aug 11, 2026, 8:21 PM

Key insight

Hormuz risk premium re-priced higher: US-Iran talks stalled, Houthi strike on Saudi refinery adds second supply shock.

4th straight session higher — Hormuz closure fears dominate; $83 broken intraday on hardened US-Iran positions.

Main risk

Surprise Hormuz deal announcement

Last week's 7%+ selloff on Bessent deal talk shows how fast a resolution unwinds the premium.

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