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macroJul 9, 2026, 9:18 AM

Crude Oil Eyes Higher Resistance After Fresh US-Iran Attacks

Crude oil prices are recovering after renewed hostilities between the US and Iran, bouncing from the 67-68 gap level triggered by a previous US attack.

XTIUSDUSOIL

Crude oil is testing higher resistance levels following the latest round of attacks between the US and Iran. The escalation this week has pushed energy prices back into recovery mode.

The rebound began from the 67-68 area—a zone that marked a gap left on March 1, when the US launched its initial strike. Traders are now watching whether momentum can carry prices above near-term resistance.

Source: FXStreet Forex News