Natural Gas and Oil Forecast: Iran Escalation Tightens Hormuz as WTI Holds Breakout - FXEmpire

Natural Gas and Oil Forecast: Iran Escalation Tightens Hormuz as WTI Holds Breakout - FXEmpire

Source: FXEmpire

DW NOTE

The Strait of Hormuz has been shut to commercial traffic since February — not "tightening," shut. WTI at $91 is still 19% below its 2026 high despite losing 10.1 million barrels per day of global supply in March. The breakout narrative ignores that crude should be trading far higher given a closure the market has spent six months pretending is temporary.

Read the full story at FXEmpire →