Brent Rebounds to $100, Market Doubts De-escalation Narrative
Brent prices rose in Asian trading on Tuesday, hovering near $100 after a sharp overnight drop to $95.97, as market participants assessed the latest developments in the Middle East conflict. Although comments by President Donald Trump initially weighed on oil and boosted equities, Tuesday's price recovery suggests the market remains skeptical of the de-escalation narrative—especially after Iran denied any weekend negotiations with Washington.
A key concern remains repeated attacks on energy infrastructure that could disrupt production and transportation, keeping energy costs higher than at the start of the year even if a deal is reached. The Strait of Hormuz—which before the war handled about 20% of global seaborne oil supplies—remains a vulnerable point after Iran effectively halted the flow, although Iranian state media said Tehran would allow safe transit except for vessels linked to its “enemies.”
The oil price at the time of this analysis was released was at: $100.07
- Buy if the price moves below $95.07
- Sell if the price moves below $105.07
Resistance 2: $100.39
Resistance 1: $100.23
Support 1: $99.81
Support 2: $99.55
Disclaimer: This article is analytical in nature and is not a definitive reference. Please consider the influence of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id
