{"id":437635,"date":"2026-09-07T16:44:47","date_gmt":"2026-09-07T09:44:47","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-climb-as-us-iran-missile-strikes-keep-hormuz-risks-elevated-437635\/"},"modified":"2026-09-07T16:44:47","modified_gmt":"2026-09-07T09:44:47","slug":"oil-prices-climb-as-us-iran-missile-strikes-keep-hormuz-risks-elevated","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-climb-as-us-iran-missile-strikes-keep-hormuz-risks-elevated-437635\/","title":{"rendered":"Oil prices climb as US-Iran missile strikes keep Hormuz risks elevated"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Oil prices rose again on Friday following reports
\n of Iran\u2019s ballistic missile launches<\/a>. Iranian forces recently said they
\n were going to switch from defensive tactics to launching pre-emptive strikes
\n against US military assets across the Middle East.<\/p>\n

The increase in the risk premium has kept oil prices
\n supported, as intensifying US-Iran strikes in the Strait of Hormuz have fuelled
\n fears of prolonged supply disruptions.<\/p>\n

In other news, OPEC+
\n kept October oil output unchanged<\/a> over the weekend as disruptions in the
\n Strait of Hormuz have reduced the group\u2019s ability to influence physical oil
\n supply and prices. The oil market has been driven solely by US-Iran war news.<\/p>\n

The key question now is whether this is just another
\n temporary flare-up or a prolonged war. Trump mentioned that the recent \u200bmilitary
\n campaign against Iran \u200cwould not continue for “too long”, so I would
\n wait for signs of de-escalation to start positioning for lower prices. <\/p>\n

If things escalate further, then we might see WTI oil
\n breaking above the July high and start eyeing the $100 mark again. <\/p>\n

\u00a0<\/p>\n

CRUDE OIL
\n TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that crude oil is consolidating near the July high around the 93.50 level. That\u2019s
\n where the sellers continue to step in with a defined risk above the resistance
\n to position for a drop into the major upward trendline. The buyers, on the
\n other hand, are waiting for a break higher to extend the rally into the 97.00
\n handle next. <\/p>\n

CRUDE OIL TECHNICAL ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we
\n have a minor support zone around the 89.00 handle that defines the 89.00-93.50
\n range. Market participants will likely continue to play the range by buying at
\n support and selling at resistance until we get a breakout on either side. <\/p>\n

CRUDE OIL TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as from a risk management perspective, the buyers will
\n have a better risk to reward setup around the 89.00 support or the major trendline,
\n while the sellers will continue to pile in around the 93.50 resistance or wait
\n for the break below the 89.00 support. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On Thursday<\/a>, we get the
\n US PPI report and the US Jobless Claims figures. On Friday, we conclude the
\n week with the US CPI report. The focus will remain on US-Iran strikes. <\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 Oil prices rose again on Friday following reports of Iran\u2019s ballistic missile launches. Iranian forces recently said they were going to switch from defensive tactics to launching pre-emptive strikes…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437635","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437635"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}