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macroJul 20, 2026, 4:44 AM

WTI Holds Near One-Month High Above $83 on Iran Risks

West Texas Intermediate crude oil prices remain elevated near a one-month high, trading above $83.50 as geopolitical risks from Iran support bullish sentiment.

WTI

West Texas Intermediate (WTI) crude oil prices are holding strong near a one-month high during early Asian trading on Monday, with the benchmark touching a fresh peak since June 12 around $84.40–$84.45.

The upward momentum is driven by persistent geopolitical tensions linked to Iran, which continue to stoke supply concerns. Bulls retain control as prices remain comfortably above the $83.50 level, suggesting further upside potential in the near term.

Traders are watching for any escalation in Middle East developments that could tighten global oil supplies further.

Source: FXStreet Forex News