WTI Crude Prices Normalize but Hormuz Politics Still Cloud the Outlook
Razan Hilal, FOREX.com Market Analyst, examines the U.S. Dollar Index, gold and silver as rising rate expectations and dollar strength push precious metals toward historically significant technical levels. She explains the key price zones that could determine whether gold and silver extend their declines or establish long-term buying opportunities, and why the next major move may depend on the direction of the U.S. dollar.
Written by
Razan Hilal
Market Analyst
WTI crude oil prices, the Strait of Hormuz and Middle East geopolitics remain the dominant drivers of oil market sentiment heading into Q3 2026. Razan Hilal, FOREX.com Market Analyst, explains why geopolitical uncertainty still supports a residual risk premium, where the key technical support and resistance levels lie, and what could trigger the next major move in crude oil prices.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.
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