Post #15742

Oil Climbs as Iran Risk Premium Builds Oil reclaimed the $63/bbl area, hitting its highest in months as geopolitical risk premiums jumped back into play. Renewed U.S. threats toward Iran — including talk of a naval “armada” heading to the region — have traders pricing in the potential for supply disruption, keeping oil on a firmer footing despite ongoing bearish supply forecasts and inventory builds. While the broader market still faces a looming supply glut this year, the specter of Middle East conflict alongside U.S. naval deployments and sanctions against Iran-linked tankers has injected a fresh risk premium into crude. That premium has offset bearish fundamentals for now, supporting a multi-week upswing in WTI — even though prices remain sensitive to swings in geopolitical tension - Alan