Long Crude Oil WTI signal by Syed Foyez Uddin

WTI is entering a 'Vertical Scarcity' phase following Iran's complete closure of the Strait of Hormuz until US Navy withdrawal from the Gulf of Oman. This blockade effectively traps 20.5 million barrels per day , roughly 20% of global consumption. The US 'Operation Southern Spear' is attempting to maintain a blockade of Iranian ports, the IRGC’s firing on India-bound energy carriers on April 18 has triggered a 'Force Majeure' repricing across global markets. WTI has cleared the $90.00 resistance