Oil prices whipsawed this week as traders reacted to shifting headlines around the U.S.-Iran confrontation and potential risks to shipments through the Strait of Hormuz, a vital chokepoint for crude flows. June U.S. crude Oil – US Crude settled near $89.23 on Thursday, edging higher as markets balanced supply disruption fears against prospects for de-escalation and renewed diplomacy.
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Despite the recent turbulence, international benchmark Oil – Brent Crude has slipped about 1.76% over the past month, while U.S. crude is down roughly 0.38%, underscoring how geopolitical risk has not yet translated into a sustained uptrend. Daily technicals currently flag Brent as a Buy, whereas WTI screens as a Hold, suggesting investors remain cautious about committing to a clear directional view. Investors can explore more updates, prices, and analysis across global markets at Commodities.