WTI crude oil stabilized at $93.70 amid rising U.S.-Iran tensions.

WTI crude oil stabilized after a 17% pullback, reclaiming $93.70 and showing signs of a bullish trend due to deepening backwardation and tight near-term supply. Escalating U.S.-Iran tensions, despite conflicting diplomatic signals, continue to support upward price pressure, with a breakout above $102.25 potentially triggering a rally toward $111–$124.