Brent Crude Oil Turns Bearish Despite Hormuz Tanker Strikes

Brent crude oil has turned bearish after breaking its uptrend, as de-escalation signals outweigh tanker strikes near the Strait of Hormuz. Razan Hilal, StoneX Media Market Analyst, breaks down the Brent crude oil, WTI crude oil and XLE energy ETF charts behind the shift in energy markets. Recent comments from President Trump and the prospect of a deal between the U.S. and Iran sit behind the broader de-escalation narrative weighing on crude prices. Brent crude oil and WTI crude oil both show signs of a potential double top pattern after breaking below uptrend support that held since the summer. The XLE energy ETF has dropped back below an 18-year resistance line, pointing to a possible longer-term bearish shift across the energy sector. Persistent strikes on tankers around the Strait of Hormuz keep short-term rebound risk alive within that broader bearish picture. 00:00 - Trump Talk Cools Brent Crude 00:23 - Hormuz Strikes Fuel a Rebound 01:00 - Brent Uptrend Snaps 02:12 - Iran Deal Meets Double Top 04:09 - XLE Slips Below 18-Year Line 05:07 - WTI Bounces Inside a Downtrend Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share Like and subscribe for more financial market insights. #CrudeOil #StoneX #RazanHilal #BrentCrude --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social