Brent Crude Prices Hit Resistance Zone Amid US-Iran Tensions

Brent crude prices have surged by 9.3% in a week, driven primarily by escalating geopolitical tensions between the US and Iran.

The price rise has put Brent futures at a strong resistance zone near the $96-$98 level, with analysts suggesting that this range acts as both a psychological and structural ceiling for the commodity.

Market participants are monitoring the possibility of a short-term price correction, with some predicting a pullback toward the $90.50 level if the current rally loses momentum.

The primary driver behind the current price surge remains the instability in the Middle East, particularly concerns regarding supply disruptions around the Strait of Hormuz.