Brent - Why Is Oil Falling?

Fresh strikes on Iran should push oil higher, but Brent trades near $93 instead. The market is betting on a peace deal, not escalation, while China's imports hit an eight-year low and OPEC+ raises output. Yet the Strait of Hormuz remains blocked, and today's CPI report could trigger sharp moves. Is the bullish case collapsing, or is this just a temporary pause before the next surge?
Born2trade | 1h 39min ago
Stocktwits

The fresh strikes on Iran were launched last night, with new waves still coming. Normally, that headline alone would send oil sharply higher. Instead, Brent trades near $93 today, below yesterday's close. What's going on?

The market is reading the strikes as pressure, not as a new war. Israel and Iran agreed this week to stop attacking each other. Trump says the talks with Tehran are in their final stage and that the conflict could be over within two weeks. Traders are betting on a deal, not on escalation.

Two more things are weighing on oil. China, the world's biggest oil buyer, cut its imports to the lowest level in more than eight years. And OPEC+ keeps raising production quotas, adding more supply for July.

But this view is fragile. The Strait of Hormuz is still blocked, and if Iran responds to the strikes with force, or the talks collapse, oil can jump back above $98 very quickly. Today's US inflation report adds one more reason for sharp moves across all markets.

Brent key levels:Resistance $95, then $98.Support $89.50, then $87.

Watching: Iran's response to the strikes, peace talk headlines, today's US inflation report (CPI).

By Born2trade market research department

Risk Disclaimer: All research and/or forecasts above reflect the author's personal opinion and cannot be treated as trading advice. Born2trade is not responsible for any trading results based on any information in this article. Trading Forex and CFDs carries a high level of risk to your capital. You may lose all of your invested funds. Forex and CFD trading may not be suitable for all investors. Please ensure that you fully understand the risks involved and, if necessary, seek independent advice.

 

Born2trade
4.8
4 reviews
Type: STP, ECN
Regulation: FSC (Mauritius)
Tags: Analysis
Stocktwits
read more
US CPI in focus as risk appetite falters

US CPI in focus as risk appetite falters

Fresh US-Iran hostilities fail to push oil prices sustainably higher; peace deal expectations remain intact; US equity markets are under pressure despite strong SpaceX IPO demand; Today’s US CPI report could prove pivotal for Fed expectations and broader risk appetite; Dollar/yen climbs higher; can Japanese authorities keep their powder dry until the BoJ meeting?
XM Group | 1h 6min ago
USDCAD looks exhausted near 2026 high

USDCAD looks exhausted near 2026 high

USDCAD has been stubbornly testing the critical 2026 ceiling of 1.3945-1.3980 over the past couple of days, increasing speculation that the bulls may be running out of fuel after six weeks of continuous gains within a tight bullish channel.
XM Group | 2h 4min ago
Review Score
Platform
Pricing
Customer service
Features
4.8/5
4 reviews
Open Live Account Open Demo Account
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
Forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Economic Indicators Currency Converter
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading courses
Stock Portfolio Trackers
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions
Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2026 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.