Search
Popular Search

Crude oil prices extended their gains after a brief consolidation phase, as renewed tensions between the United States and Iran reignited concerns over global energy supply.
Recent reports indicate that both sides exchanged fire in the Persian Gulf, with U.S. forces responding to attacks involving Iranian drones, missiles, and fast-moving boats. The escalation has heightened fears of a broader conflict, particularly in key shipping zones.
The most significant catalyst for the latest rally came from reports that Iran targeted areas near Fujairah, raising alarms over the safety of oil tankers operating in the region. These developments have brought renewed focus to the Strait of Hormuz, a vital waterway through which roughly one-fifth of global oil and liquefied natural gas flows pass.
The increased threat to shipping activity has amplified concerns about potential supply disruptions, prompting markets to reprice the geopolitical risk premium in oil.
While Abbas Araghchi noted that discussions with Washington are “making progress,” he also warned that external parties should avoid actions that could escalate the conflict further. This mixed messaging has contributed to ongoing uncertainty, keeping market sentiment fragile.
With tensions fluctuating between escalation and diplomacy, oil markets are expected to remain highly reactive to headlines. The balance between military developments and negotiation progress will continue to drive price action.
Market participants are advised to closely monitor updates on U.S.–Iran relations, particularly developments surrounding the Strait of Hormuz, as these remain key drivers for oil price direction and global supply outlook.
Technical Analysis

CL-Oil, H4
Crude oil prices are trading higher, currently testing the 105.70 resistance level, which acts as a key near-term breakout zone.
A confirmed move above 105.70 could extend gains toward 111.80, reinforcing bullish continuation.
However, momentum is starting to soften. The MACD is showing fading bullish strength, while the RSI at 54 is pulling back from higher levels, suggesting a potential near-term technical correction.
If bullish momentum weakens, prices may retrace toward the 99.60 support level, with further downside toward 92.05 if selling pressure intensifies.
Resistance Levels: 105.70, 111.80
Support Levels: 99.60, 92.05
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.