Experts agree: US-Iran tensions are far from over as Hormuz risks return
West Texas Intermediate (WTI), futures on NYMEX, drops to near $88.65 while struggling to move above the $90 mark during the European trading session on Friday.
The tension between the United States and Iran remains far from resolved, with experts warning that the risk of conflict around the Strait of Hormuz endures. On Friday, WTI futures on NYMEX fell to near $88.65 as concerns over further escalation between the two nations persisted. Despite President Trump's statements suggesting that attacks would not last "too long," he has not ruled out additional military action against Iran.
The recent exchange of attacks began last weekend, following weeks of relative calm, after US Central Command targeted Iranian rocket launchers that were preparing to deploy mines into the Strait of Hormuz. Experts at Deutsche Bank and Commerzbank emphasized that the heightened tensions have reignited doubts about the normalization of energy flows through the strategic waterway.
TD Securities pointed out that the fragility of any potential de-escalation remains, as Iran continues to assert control over the Strait. The price of WTI, a benchmark Crude Oil, currently stands near $88.65, reflecting the ongoing uncertainty surrounding the situation.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
