Crude Oil (WTI)

Bullish

Archived analysis from Aug 12, 2026, 1:57 PM

Key insight

$81.83 holds above 50-day MA ~$80.50; Hormuz resolution deal would crater price, closure extension targets $87+.

Hormuz closure holds — Iranian exports collapsed, WTI extended 4-day rally to $83+ before today's pullback.

Main risk

Hormuz Strait Reopening Deal

Pakistan/Oman mediation at advanced stage — deal signed sends WTI sharply back toward $76–$78.

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