Oil: Iran Escalation Sends WTI Knocking on the 76 DoorWTI CRUDE OILTVC:USOILBazemtraderZooming into the 76 reclaim level from my daily map ("Oil: 57 to 120 to 70 - The Full Round Trip Is Complete") - the chop zone I flagged between 66-76 just got a real catalyst. The US revoked Iran's oil-export license, hit targets inside Iran, and three tankers came under attack in the Strait of Hormuz - a route that carries roughly 20% of the world's oil and gas trade. WTI is having one of its sharpest single-session moves in weeks on the reopened risk premium, up over 3% and knocking directly on the 76 door. KEY LEVELS - Reclaim: 76 - the first shelf on the road back from my daily map. A close above it opens the door to 80. - First test: 70 - the round number oil has been fighting to hold since the round trip completed. - Make-or-break: 66 - the February launch shelf. Still the level that unwinds the whole 2026 rally story. THE TRADE Long from here, stop below 70, target 76 first. This is a tactical ride on a geopolitical spike, not a new thesis - the daily map's structure is unchanged. If the Strait of Hormuz risk fades as fast as it showed up, so does this move. INVALIDATION A close back below 70 says the spike faded and the chop zone is back in control. Geopolitical spikes move fast in both directions - respect the level, not the headline. I will update this idea as 76 gets tested.