🚨 BREAKING: Brent Oil Jumps 8% to $104 After US–Iran Talks Fail

Brent crude surged ~8% at market open, hitting $104/barrel after negotiations between the US and Iran ended without a deal.

Here’s what’s driving the move 🧵👇

1️⃣ Key Catalyst: Failed US–Iran Talks
No agreement = rising geopolitical tension in the Middle East.
Markets are now pricing in longer disruption risks and supply uncertainty.

2️⃣ Strait of Hormuz in Focus
One of the world’s most critical oil routes is back under threat.
Any disruption here = massive global supply shock fears.

3️⃣ Volatility Is Back
Recent price action:
• Dropped below $100 on ceasefire hopes
• Now back above $100 after failed talks

👉 Classic headline-driven market

4️⃣ Risk Premium Returns
With no deal:
• Traders expect tighter supply
• Risk premium added back quickly
• Prices spike on uncertainty

5️⃣ WTI Also Rising
US benchmark WTI crude is moving in sync, showing similar bullish momentum.

6️⃣ Market Impact
Higher oil prices could mean:
• ⛽ Rising fuel costs
• 📈 Inflation pressure
• 📉 Pressure on stocks (airlines, consumers)
• 📊 Energy stocks may benefit

7️⃣ Related Assets to Watch
• 🟡 Gold (safe haven)
• 💵 US Dollar
• 📉 Airline & transport stocks

8️⃣ Key Levels to Watch
• Support: $91 – $95
• Resistance: $101 – $104+

Break above = potential continuation 🚀

⚠️ Bottom Line:
Oil markets remain extremely volatile and driven by geopolitical headlines.

Any update from the Middle East can move prices FAST.

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