Crude Oil (WTI)

Neutral

Archived analysis from Aug 13, 2026, 8:28 PM

Key insight

Strait of Hormuz negotiations deadlocked — resolution would crater price; IEA sees Q3 supply deficit doubling

80.48 stalls after 5-day rally; Hormuz deal deadlocked, IEA Q3 deficit offsets bearish EIA build

Main risk

US-Iran Hormuz deal breakthrough

Deal reopening Hormuz removes war premium; WTI could flush to mid-$70s on any agreement

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