Search
Popular Search

*U.S.–Iran tensions remain unresolved ahead of ceasefire deadline
*Strait of Hormuz developments continue to drive market sentiment
*Oil prices edge lower on renewed negotiation hopes
Market Summary:
Crude oil prices edged lower as markets adopted a cautious tone ahead of a key U.S.–Iran meeting later this week, which will determine whether the current ceasefire agreement will be extended.
Geopolitical developments remain highly fluid. Optimism briefly improved after Tehran announced the reopening of the Strait of Hormuz on Friday. However, sentiment reversed over the weekend as Iran reportedly re-closed the strait, while U.S. forces intercepted and seized an Iranian tanker heading toward China, highlighting the fragile nature of the ceasefire.
Despite these tensions, there are tentative signs that Iran may be willing to return to negotiations, fostering cautious optimism ahead of the upcoming deadline. Attention is now focused on whether both sides can resume talks in Pakistan following an earlier round in Islamabad that ended without a deal.
Donald Trump has indicated that the United States is unlikely to extend the ceasefire unless a formal agreement is reached before its expiry on Wednesday. This has kept market sentiment subdued, with investors largely maintaining a wait-and-see approach.
Against this backdrop, oil prices have softened slightly, as expectations of renewed negotiations have helped ease immediate fears of supply disruption. However, with uncertainty still elevated and the Strait of Hormuz remaining a key risk factor, price movements are likely to remain sensitive to incoming headlines.
Overall, the oil market remains driven by geopolitical developments, with traders closely monitoring ceasefire negotiations for clearer direction on oil price outlook and global supply risks.
Technical Analysis

CL-Oil, H4
Crude oil prices are trading sideways, currently testing the 86.90 resistance level, which acts as a key near-term breakout zone.
Momentum is gradually improving, with the MACD strengthening and the RSI at 43 recovering from lower levels, suggesting potential upside if a breakout occurs.
A confirmed move above 86.90 could extend gains toward 93.15.
However, if momentum fails to sustain, prices may pull back toward the 79.85 support level, with further downside toward 74.50.
Resistance Levels: 86.90, 93.15
Support Levels: 79.85, 74.50
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.