Oil Price Could Drop 30% Even With Iran’s Hormuz Standoff

Crude oil prices are trading near $92 at press time. Still well above pre-conflict levels but down 31% from the $119 cycle high hit on March 8. This analysis tracks Brent crude futures because they more accurately reflect the international oil price during Middle East-centered geopolitical events. The war-driven rally pushed oil to its highest levels since 2022, but four signals now suggest the upside may be exhausting source: https://beincrypto.com/crude-oil-price-could-drop-despite-hormuz-threats/