July 8 Crude Oil Analysis

At the macro level, the US-Iran conflict has intensified again, with US airstrikes on Iran and cancellation of oil exemptions, sharply raising shipping risks in the global energy chokepoint of the Strait of Hormuz. Geopolitical premiums continue to underpin oil prices. Combined with the onset of peak oil consumption season in the Northern Hemisphere, market restocking demand strengthens, creating a bullish resonance in supply and demand. The long-term bullish logic is clear, with the upside target first at $85. If the situation continues to escalate, it could approach $95. In the short term, rely on support to enter long positions on dips, but heightened geopolitical volatility requires strict risk control and position management. #美终止对伊朗石油制裁豁免