Oil Volatility Persists as Hormuz Tensions Elevate Geopolitical Risk Premium

Crude benchmarks swung in early Asian trading as rising security risks in the Strait of Hormuz kept oil markets on edge, with regional infrastructure attacks and U.S. moves to build a naval coalition sharpening focus on supply routes. International benchmark Oil – Brent Crude extended gains toward $103.60 per barrel, while U.S. WTI futures eased after briefly spiking, underscoring fragile sentiment.

Over the past month, Brent has surged about 51.9%, reflecting escalating geopolitical risk premia and tighter perceived supply conditions. The 1-day technical setup for Brent currently points to a Buy bias, suggesting near-term momentum remains constructive even as volatility and headline risk stay elevated.