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Published: 11 June 2026,06:32
Daily Market Analysis New
*Global sentiment weakens after the U.S. launches fresh strikes on Iran
*Fragile ceasefire framework faces renewed pressure
*Strait of Hormuz risks return as a key driver for crude oil prices
Global market sentiment deteriorated after the United States launched fresh military strikes against Iran for a second consecutive day, reigniting concerns that the fragile ceasefire framework is beginning to break down. The renewed escalation has raised fears that recent diplomatic progress could stall, with investors once again shifting their focus toward geopolitical risk and potential disruption to global energy flows.
According to U.S. military officials, the latest strikes targeted multiple locations inside Iran following the downing of a U.S. Apache helicopter earlier this week. U.S. President Donald Trump stated that he had spoken with Iranian officials, who reportedly requested a halt to the bombing campaign. However, Trump warned that further strikes could still occur if Tehran continues delaying negotiations over an interim peace agreement.
The latest developments highlight growing frustration in Washington over the lack of progress in negotiations and have significantly reduced confidence that a durable ceasefire can be achieved in the near term. As a result, investors have turned more cautious, with the risk of prolonged conflict once again becoming a major market concern.
Crude oil prices extended their gains as traders reacted to the renewed military confrontation between the United States and Iran. The latest strikes have reinforced concerns over the security of energy flows through the Strait of Hormuz, one of the world’s most important oil transit routes.
Markets are now pricing in a larger geopolitical risk premium, particularly as diplomatic efforts appear to be losing momentum. Any further escalation could increase the risk of supply disruptions, especially if shipping activity through the Strait of Hormuz becomes more restricted.
Overall, oil remains highly sensitive to developments in the region. With ceasefire hopes fading and tensions escalating, crude prices are likely to remain supported in the near term as traders continue to monitor military actions, negotiation progress, and shipping conditions in the Middle East.
Technical Analysis
Crude Oil, H4:
Crude oil prices are trading lower, currently testing the 90.40 support level, which serves as a key near-term floor.
Momentum remains bearish, with the MACD strengthening to the downside and the RSI at 38 below the midline, indicating continued selling pressure and downside risk.
A confirmed breakdown below 90.40 could extend losses toward the next support at 86.50, reinforcing the bearish outlook in the near term.
However, if selling pressure begins to fade, a technical rebound may occur, with prices likely to retest the 94.20 resistance level, followed by higher levels if recovery momentum strengthens.
Resistance Levels: 94.20, 97.90
Support Levels: 89.90, 86.50
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