Oil Prices Stabilize After Sharp Correction
World oil prices stabilized on Tuesday (June 23, 2026), after previously dropping more than 3% due to initial progress in peace talks regarding the Iran war. Brent was around US$78 per barrel, while WTI remained above US$74 per barrel. The main sentiment came from the United States' decision to grant a temporary 60-day permit for some sales of Iranian oil and petroleum products, prompting the market to anticipate the potential for additional supply from the Persian Gulf region.
However, the market is not yet fully confident that supply will immediately recover. Differing claims between the United States and Iran, the security of the Strait of Hormuz, and the smooth flow of energy supplies remain key risk factors. Going forward, the direction of oil prices will depend heavily on the continuation of the Iran nuclear negotiations, stability in the Middle East, and the security of global energy shipping routes. (asd)
Oil Price at the Time of This Analysis: $77.74
- Buy if the price moves to $77.70
- Sell if the price moves to $77.17
Resistance 2: $78.59
Resistance 1: $78.06
Support 1: $77.00
Support 2: $76.47
Note: This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id
