A sharp escalation in Middle East tensions has pushed crude prices to fresh highs, with Oil – Brent Crude breaking above $90 per barrel as the Strait of Hormuz remains shut and crude exports from the Persian Gulf are effectively stalled. Supply concerns are amplified by emerging production cuts in Iraq and Kuwait, lifting both Brent and U.S. benchmark Oil – US Crude, while Natural Gas continues to lag amid weaker demand dynamics.
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Over the past month, Brent futures have advanced about 24%, and its 1-day technical profile currently points to a Buy bias, suggesting momentum remains skewed to the upside. U.S. crude has climbed roughly 26% in the same period with a similar near-term Buy signal, while natural gas has fallen nearly 29% and screens as a Strong Sell, underscoring the divergence between oil-driven geopolitics and gas fundamentals. Investors can explore more updates, prices, and analysis across global markets at Commodities.