-
- Trading Platforms
- PU Prime App
- PU Copy Trading
- PU Social
-
- Trading Conditions
- Account Types
- Spreads, Costs & Swaps
- Deposits & Withdrawals
- Fee & Charges
- Trading Hours
EN
Published: 13 April 2026,06:18
Daily Market Analysis New
*Oil prices surge more than 8% after U.S.–Iran negotiations collapse
*Ceasefire talks fail after 21 hours of discussions
*Trump signals potential blockade of the Strait of Hormuz
*Supply disruption fears intensify, boosting oil price outlook
Market Summary:
Oil prices surged sharply, rising more than 8% during early Asian trading hours, after negotiations between the United States and Iran failed to produce a ceasefire agreement despite more than 21 hours of high-level discussions.
Market sentiment quickly shifted back to risk-off mode as tensions escalated following the breakdown in talks. JD Vance, who led the U.S. delegation, confirmed that he was returning without a deal after Iran refused to commit to abandoning its nuclear ambitions. The failure to reach an agreement has significantly reduced near-term hopes for de-escalation.
Adding to market concerns, Donald Trump signaled a more aggressive stance, stating that the U.S. Navy could begin blockading the Strait of Hormuz. Such a move would have major implications for global energy markets, as the strait is a critical artery for oil shipments, handling roughly 20% of global supply.
Trump also indicated that the proposed blockade would aim to restrict Iranian exports, further intensifying fears of supply disruption. The development comes after marathon negotiations failed to extend or solidify a fragile two-week ceasefire, raising the risk of renewed conflict in the region.
The sharp rebound in oil prices reflects markets rapidly repricing geopolitical risk, as traders unwind expectations of a diplomatic resolution and shift focus back toward potential supply shocks.
Looking ahead, the oil price outlook remains highly volatile, with market participants closely monitoring geopolitical developments, military actions, and any renewed diplomatic efforts for clearer direction. Any escalation involving the Strait of Hormuz is likely to remain a key driver for global oil markets in the near term.
Technical Analysis
CL-Oil, H4
Crude oil prices are trading higher after a breakout above the 99.75 resistance level, reinforcing a bullish structure.
Momentum remains supportive, with the MACD strengthening and the RSI at 68 above the midline, suggesting continued upside potential toward the 107.70 resistance level, with further upside toward 114.15 if momentum persists.
However, as momentum approaches overbought conditions, the risk of a near-term pullback increases. In such a scenario, prices may retest the 99.75 support level, which now acts as a key floor.
Resistance Levels: 107.70, 114.15
Support Levels: 99.75, 92.65
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!