Oil is pricing in war risk again. Brent closed at $116.72, a six-month high, as investors expect the US to resume strikes on Iran, while WTI settled at $103.27. Houthi attacks on Saudi targets and weak tanker flow through Hormuz keep supply tight, and diesel is the weakest spot. For $CL , $100 is the level to hold. A diplomatic breakthrough could flush the risk premium fast, so headlines are driving price more than charts right now. Not financial advice.
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