📊▶️ Crude Oil ($CL) Update:

Crude oil jumped nearly 2% as U.S.-Iran peace talks stalled and flows through the Strait of Hormuz stayed heavily restricted, keeping global supply tight.

Tehran has largely shut the strait while the U.S. tightened pressure on Iranian ports. Shipping activity remains extremely limited, with only one oil products tanker entering the Gulf on Sunday.

Markets know the risk: if tensions escalate further, oil could spike toward $130–140/barrel.

Geopolitical pressure + supply shortages + panic buying = a dangerous setup for crude