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Indonesia News Portal for Traders | Financial & Business Updates

30 January 2026 10:40  |

Hormuz on Alert: Oil Still Holding Its Breath

Oil prices are holding steady after surging more than 3% on Thursday, as the market weighed Donald Trump's latest threats against Iran. WTI is holding around $66/barrel and Brent is still above $70, supported by a weaker dollar and a geopolitical "risk premium" that has returned to prices.

What's making things nervous: market focus is on the Strait of Hormuz—a vital route for global oil and LNG shipments. An AP report said Iran warned of live-fire drills Sunday and Monday; now traders are waiting for only one thing: is this just a "show of force"... or the trigger for another spike. (az)

The oil price at the time of this analysis is $68.30

- Buy if the price moves below $68.40

- Sell if the price moves below $68.20

Resistance 2: $68.60

Resistance 1: $68.50

 

Support 1: $68.10

Support 2: $68.00

Disclaimer

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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