Brent Crude Oil Price Could Rally 32%, And the Reason Is Not Iran This Time

May 12, 2026 - 15:45
Brent Crude Oil Price Could Rally 32%, And the Reason Is Not Iran This Time
Brent crude oil price has been carving an inverse head and shoulders since late March 2026. A confirmed break above the neckline projects a 32% rally. The bullish setup is no longer dependent on the Iran war that originally lifted prices. Iran has cooled off. The April 8 ceasefire is fragile but in place. Trump...

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