Oil markets reacted to reports that U.S. President Donald Trump ordered a large-scale airstrike on Iran’s Kharg Island, a critical Persian Gulf hub for the country’s crude exports, and threatened broader attacks on Iranian energy infrastructure if traffic through the Strait of Hormuz is disrupted. The escalation risk has sharpened focus on supply security in the region, supporting risk premiums for Oil – Brent Crude as traders reassess geopolitical exposure.
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Over the past month, Brent has surged about 46.9%, reflecting a sharp repricing of geopolitical and supply risks alongside broader commodity strength. On a shorter horizon, the 1-day technical signal for Brent currently points to Buy, indicating near-term bullish momentum, though volatility may remain elevated as market participants monitor further developments in U.S.-Iran tensions. Investors can explore more updates, prices, and analysis across global markets at Commodities.