Oil prices extended gains to seven-month highs as investors priced in a larger geopolitical risk premium linked to escalating tensions between the U.S. and Iran, lifting both Oil – Brent Crude and Oil – US Crude. Analysts at FGE NexantECA warned that a direct conflict could push crude toward $100 per barrel, underscoring how renewed concern over potential supply disruptions is reshaping near-term risk assessments for energy markets.
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Over the past month, Oil – US Crude has advanced about 9.7%, while Oil – Brent Crude is up roughly 10.1%, moves that reflect both fundamental support and rising geopolitical anxiety, with each contract currently flashing a short-term Buy and Buy signal, respectively. The combination of tightening balances and event risk is likely to keep volatility elevated as traders weigh upside price scenarios against the potential for diplomatic progress or demand-side headwinds.
Investors can explore more updates, prices, and analysis across global markets at Commodities.