The crude oil Q4 outlook hinges on how shipping route risk in Hormuz and the Red Sea evolves as post-1973 energy safeguards fall short. Razan Hilal, StoneX Media Market Analyst, explains why the U.S.-Iran war is testing the post-1973 energy security framework and what the long-term WTI chart shows. The 1973 oil embargo used production cuts as leverage, while the 2026 Strait of Hormuz crisis turns on transport routes, including the Red Sea. U.S. midterms, U.S.-Iran diplomacy, winter demand and Russia-Ukraine infrastructure strikes are the Q4 catalysts in focus. 0:00 Crude Oil's Four Q4 Triggers 1:06 1973 Embargo vs Hormuz Crisis 1:41 Energy Safeguards Fall Short 2:07 Red Sea Backup Route at Risk 3:17 WTI Tests a 15-Year Ceiling 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 #StraitOfHormuz #StoneX #RazanHilal