USOIL | Hormuz Optimism Keeps Pressure on Crude PricesWTI CRUDE OILTVC:USOILSroshMayiUSOIL | Hormuz Optimism Keeps Pressure on Crude Prices Oil prices remain under pressure as traders increasingly price in a gradual normalization of energy flows through the Strait of Hormuz. Recent reports indicate improving shipping conditions in the region, while the U.S. sanction waiver on Iranian oil exports has strengthened expectations of additional crude supply entering global markets. Although negotiations remain complex and geopolitical risks have not completely disappeared, the market is currently focusing on the possibility of increased supply and lower disruption risks, which continues to weigh on oil prices. Technically • The market remains under bearish pressure while trading below the key resistance level at 74.00. • The price is currently consolidating between 74.00 and 71.40, awaiting a breakout. As long as the market remains below 74.00, bearish momentum is expected to continue. • A confirmed 1H candle close below 71.40 would strengthen the bearish outlook and support a move toward 67.00. • Further downside could expose 64.00 and 58.70. However, if geopolitical tensions escalate again or negotiations collapse, bullish momentum could quickly return. • A breakout above 74.00 would support a recovery toward 77.00 and 83.70.