Iran has already trimmed oil output by about 400,000 barrels per day and may curb it further as storage nears capacity, according to U.S. Energy Secretary Chris Wright, adding a new element of supply risk to crude markets. The comments come as Oil – Brent Crude and Oil – US Crude prices remain under pressure, while Natural Gas trades weaker amid ample inventories.
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Over the past month, Brent has eased about 1.2% and currently shows a cautious Hold one-day technical signal, suggesting limited conviction on near-term direction. U.S. crude has fallen roughly 12% with a similar one-day Hold signal, while natural gas is down around 7.3% and screens as a one-day Strong Sell, reflecting persistent bearish momentum despite geopolitical uncertainties. Investors can explore more updates, prices, and analysis across global markets at Commodities.