Crude oil perpetual futures technicals indicate further gains as the conflict between the US and Iran escalates.

Strait of Hormuz

Who

US, Iran

What

When

Sat, 18 Jul 2026 16:04:27 GMT · 3h 20m ago

Where

Strait of Hormuz ·

Why

Escalation of conflict between the US and Iran has led to a fall in traffic through the Strait of Hormuz.

The Frontline Impact

How this affects you

The escalation of US-Iran conflict and reduced traffic in the Strait of Hormuz are driving gains in crude oil futures. This suggests potential upward pressure on global oil prices.

Story chain

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Verified Sources & Citations

Benzinga
https://www.benzinga.com/markets/commodities/26/07/60541185/crude-oil-perpetual-futures-jump-technicals-points-to-more-gains-as-us-iran-war-escalates
HIGH

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