Geopolitical Risk Remains in Focus WTI crude oil is trading more than 3% higher on Monday as markets continue to assess potential disruptions to global energy supplies. The possibility of the Strait of Hormuz reopening remains a key factor, while Iran’s conditions regarding the US naval blockade and war compensation add uncertainty to the outlook. At the same time, reported Houthi attacks targeting Saudi energy infrastructure are keeping geopolitical risk elevated and supporting a higher risk premium in oil prices. Key focus for traders: • Strait of Hormuz developments • Middle East supply risks • WTI reaction around key technical levels • Volatility following further geopolitical headlines Oil markets remain highly headline-sensitive, so disciplined risk management is essential.