West Texas Intermediate crude oil rebounded more than 30% to near $101 as the US–Iran war 2026 continues to fuel supply disruption fears around the Strait of Hormuz. However, momentum may be easing as prices approach $105.85 resistance, raising the risk of a short-term pullback toward $92–$88 before the broader uptrend potentially resumes.
16-03-2026 08:51 GMT
by Kelvin Wong