Despite the ongoing tension and uncertainty in the Strait of Hormuz, the United States continues to strongly advocate for a peace agreement with Iran to end the nearly three-month-long conflict.
On Tuesday, the security situation along this vital energy route remained unclear after clashes occurred overnight, with U.S. Central Command denying reports that military forces were assisting in escorting vessels.
Just hours after U.S. President Trump said negotiations with Tehran on extending the ceasefire agreement and reopening the Strait of Hormuz were underway, hostilities erupted again. Secretary of State Marco Rubio warned that finalizing any deal could take several days.
Global benchmark Brent crude oil prices rebounded to around $100 a barrel after plunging more than 7% on Monday. Stock markets approached record highs as hopes for a peace agreement outweighed the impact of military actions.
According to the semi-official Tasnim news agency, one of the current points of discussion is Iran’s frozen $24 billion in assets, with Tehran hoping to unfreeze half of them after signing the agreement. This provision has sparked particular controversy among U.S. Iran hawks, who fear making too many concessions to Iran.
Over the past 24 hours, commercial shipping through the Strait of Hormuz has seen a slight increase, with at least two non-Iranian supertankers departing from the Persian Gulf—marking the latest surge in small-scale energy cargo transit through this vital waterway.
The Eagle Veracruz, linked to Singapore, and the Nissos Keros, owned by Greece, both transited through the Strait of Hormuz on Tuesday morning. Data shows that a total of five vessels were spotted crossing the Strait of Hormuz in various directions.
This marks the first time in nearly a week that 4 million barrels of unauthorized crude oil have passed through the waterway, following earlier waves of vessel departures and subsequent declines in traffic over the past few days. Thus, although Tuesday’s volume was high, the downward trend in the coming days may offset this impact. The two tankers carried crude oil from Saudi Arabia and the United Arab Emirates, respectively.
According to vessel tracking data, the number of vessels entering on Tuesday morning also increased, with three ships recorded passing through. In the previous days, vessel traffic remained steady, averaging six ships per day on Saturday, Sunday, and Monday.
Technical Analysis:
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Gold: After rebounding from the yellow zone liquidity we highlighted yesterday, prices have started to recover. Today, we expect the price to gradually reclaim the 4530/4550 area. If this move holds and completes successfully, we suggest considering a buy on the pullback following a breakout. For detailed entry levels, please consult the plugin.
(Gold 15-minute chart)
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Nasdaq: The price action is very strong, with no pullback to test liquidity—instead, it’s consolidating in a triangle and breaking upward directly. For intraday short-term trading, only follow the trend with long positions, but please manage your position size carefully. If there’s a downward sweep of liquidity during North American session, keep some reserves ready for another entry opportunity. For detailed levels, please consult the plugin.
(NASDAQ 15-minute chart)
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Crude oil: After sweeping through the yellow zone highlighted by our plugin yesterday, prices have declined as expected. Our earlier recommendation to sell after breaking below the lower yellow boundary is now being implemented. During the day, pay attention to reducing positions for risk protection once a profit-to-loss ratio exceeding 1:1 is achieved. For detailed levels, please consult the plugin.
(Crude Oil 15-minute Chart)
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