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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

17 August 2026 12:49  |

Hormuz is Key: Brent Could Surge or Plummet!

Oil prices are fluctuating, with Brent trading below US$89 and WTI around US$82. US-Iran tensions, vessel attacks in the Strait of Hormuz, and the conflict in Lebanon continue to support prices, even as Gulf exports proceed and global demand remains weak.

Newsmaker Analysis: If disruptions in the Strait of Hormuz escalate, Brent could rally toward US$100. However, if supplies remain steady and demand weakens, prices could face renewed downward pressure, potentially returning to the US$80 range.

Oil price at the time of this analysis: $88.52

- Buy if the price moves to $88.62

- Sell if the price moves to $88.42

Resistance 2: $88.87

Resistance 1: $88.72

Support 1: $88.32

Support 2: $88.20

Note: This article is analytical in nature and does not constitute definitive advice. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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