Oil markets are likely to react to reports that Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed in Israeli and U.S. strikes, according to a senior Israeli official quoted by Reuters, though Tehran has yet to confirm the claim. The news could heighten geopolitical risk premia for Oil – Brent Crude, given Iran’s central role in Middle East supply dynamics and regional security.
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Over the past month, Brent has advanced about 6.7%, reflecting a mix of supply concerns and shifting expectations around global demand. The current 1-day technical signal for Brent stands at Strong Buy, suggesting short-term momentum remains skewed to the upside, though volatility could increase as investors reassess geopolitical risk. Investors can explore more updates, prices, and analysis across global markets at Commodities.