24/7 SUPPORT
Download App
Published: 20 May 2026,06:10
Daily Market Analysis New
*Oil prices rise as Trump warns of possible renewed strikes on Iran
*Strait of Hormuz disruptions continue tightening global supply
*NATO discusses escorting ships through the key shipping route
Crude oil prices continued to edge higher as market participants digested the latest comments from Donald Trump regarding the possibility of renewed military action against Iran.
Trump warned that the United States could launch “another big hit” if Tehran refuses to accept U.S. peace terms, less than a day after indicating that a planned attack had been called off. The remarks once again raised concerns that tensions between the United States and Iran could rapidly escalate back into active conflict.
Iran has so far resisted U.S. demands to abandon the remaining elements of its nuclear program, despite weeks of military pressure and ongoing negotiations. The prolonged standoff has continued to cloud the outlook for global energy markets and maintain elevated geopolitical risk premiums in crude oil prices.
Now entering its twelfth week, the conflict has continued disrupting shipping activity through the Strait of Hormuz, one of the world’s most critical energy transit routes. Ongoing restrictions and security concerns in the region have contributed to rising global energy prices as fears over supply disruptions remain elevated.
At the same time, markets remain caught between alternating signals of escalation and diplomacy, with the constantly shifting tone between Washington and Tehran continuing to complicate the outlook for oil.
Additional support for oil prices emerged after reports that NATO is discussing the possibility of escorting commercial ships through the Strait of Hormuz if the route remains disrupted beyond early July. The discussions highlight growing international concern over the prolonged disruption to global shipping flows.
Meanwhile, tighter supply conditions in the United States have also supported crude prices. An industry report showed that U.S. crude stockpiles fell by 9.1 million barrels last week, potentially marking the largest inventory decline since September if confirmed by official government data.
Overall, the combination of escalating geopolitical tensions, ongoing supply disruptions, and tightening inventories continues to support oil prices, while markets remain highly sensitive to further developments surrounding U.S.–Iran relations and the Strait of Hormuz.
Technical Analysis
CL-Oil, H4:
Crude oil prices are trading higher, currently testing the 104.75 resistance level, which acts as a key near-term breakout zone.
Momentum remains supportive, with the MACD strengthening to the upside and the RSI at 58 above the midline, indicating continued bullish pressure and further upside potential.
A confirmed breakout above 104.75 could extend gains toward the next resistance at 109.55, reinforcing bullish continuation.
However, if bullish momentum begins to fade, prices may retrace toward the 97.85 support level, with further downside toward 90.90 if selling pressure intensifies.
Resistance Levels: 104.75, 109.55
Support Levels: 97.85, 90.90
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.
Trading Platforms
Learn
About PU Prime
Corporate
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.
Thank You for Your Acknowledgement!
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.
Thank You for Your Acknowledgement!
