Oil markets were monitoring shipping disruptions on Sunday after at least 150 crude and LNG tankers halted in open waters of the Gulf, with additional vessels stationary around the Strait of Hormuz following U.S. and Israeli strikes on Iran. The buildup of anchored ships raised concerns over near-term supply logistics and transit risk, supporting risk premiums in both Oil – Brent Crude and Oil – US Crude as traders assessed potential escalation.
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Over the past month, Brent futures advanced about 10.6%, while WTI climbed roughly 8.8%, reflecting growing geopolitical risk and tighter perceived supply conditions. One-day technical indicators currently flag Strong Buy for Brent and Strong Buy for WTI, suggesting momentum remains skewed to the upside despite elevated volatility and event-driven price sensitivity. Investors can explore more updates, prices, and analysis across global markets at Commodities.