WTI Advances Above $92.00, Highest Since July 23, as Hormuz Tensions Stoke Supply Concerns

West Texas Intermediate attracts follow-through buying for the second straight day and climbs to its highest level since July 23, trading beyond the $92.00 mark. A daily-chart stamp on the same page shows C92.05 / H92.12 (+1.29 / +1.42%). The July swing high around $93.25 is also stamped on that page. Hormuz is not reopened.

Hormuz / US–Iran color

US forces struck and disabled three Iranian oil tankers over the weekend after an IRGC ballistic missile attack targeting two US Navy warships. Iran warned energy infrastructure across the Gulf was vulnerable; Mohsen Rezaei said Tehran was preparing to enforce a full blockade around the Strait of Hormuz. TD Securities said renewed US–Iran hostilities continue to highlight the fragility of any non-concrete deal or short-term de-escalation.

Distinct from the earlier USD/CAD oil pack (WTI ~$91.50), WTI Asia, WTI $91.15, Kuwait Hormuz STS, Aramco Jizan, and weekend US–Iran tanker strikes.

Also see: Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships.

Also see: NZD/USD Slips to 0.5843 After a Low at 0.5836 as Bears Test 200-Day SMA.

Also see: Gold Slides Below $4,400 as Fed Hike Bets and Mideast Jitters Revive USD Demand.

Also see: Houthi Attacks Halt Saudi Energy Operations, Wound 73; Brent Hits $98.

Also see: CENTCOM Destroys 5 More IRGC Crude Carriers After Missile Attacks on US Warship.

Also see: Oil Asia: Brent Nears $100 on CENTCOM Tanker Strikes; WTI Stamp Split Across Wires.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.