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Figure Heloc 
The Islamic Revolutionary Guard Corps (IRGC) said during European trading hours on Wednesday that it will not allow imports and exports in the Gulf, and the Sea of Oman if the US blockade in the Strait of Hormuz against Iran’s vessels continues.
💡 DMK Insight
Iran’s threat to disrupt Gulf trade is a big deal for oil traders right now. With the Strait of Hormuz being a critical chokepoint for global oil shipments, any escalation could lead to significant price spikes. Traders should keep an eye on Brent crude and WTI futures, as tensions often correlate with price volatility. If the IRGC follows through, we could see oil prices testing resistance levels, especially if they breach recent highs. The broader market context shows that geopolitical tensions often lead to risk-off sentiment, impacting not just oil but also equities and currencies tied to energy exports. On the flip side, if the situation de-escalates, we might see a quick pullback in oil prices, so it’s crucial to monitor news updates closely. Watch for any announcements from the US or allied nations, as these could shift market sentiment rapidly. Immediate watchpoints include the $90 level for Brent and $85 for WTI, where traders might look for breakout or reversal signals.
📮 Takeaway
Keep an eye on Brent crude around $90 and WTI near $85; geopolitical developments could trigger significant price movements in the short term.
