WTI Holds Above $72.00 Near Two-Week High on US-Iran Tensions

West Texas Intermediate (WTI) crude oil is holding above the $72.00 mark, trading in a bullish consolidation phase near a two-week high reached during the Asian session. The price action follows a strong rally in the previous session, driven by renewed geopolitical risks.

Fresh tensions between the United States and Iran have fueled supply concerns, underpinning oil prices. Traders are now assessing whether the rally can extend further or if profit-taking will emerge.

No additional details on the nature of the tensions have been reported, but the market remains sensitive to any escalation in the Middle East.