{"id":23227,"date":"2025-06-24T08:55:17","date_gmt":"2025-06-24T08:55:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23227"},"modified":"2025-06-24T08:55:17","modified_gmt":"2025-06-24T08:55:17","slug":"oil-weakens-after-iran-and-israel-agree-to-ceasefire","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/oil-weakens-after-iran-and-israel-agree-to-ceasefire\/","title":{"rendered":"Oil weakens after Iran and Israel agree to ceasefire"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-1024x536.png\" alt=\"\" class=\"wp-image-23229\" srcset=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-1024x536.png 1024w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-300x157.png 300w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-768x402.png 768w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-500x262.png 500w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-400x209.png 400w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-350x183.png 350w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3-200x105.png 200w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/Copy-of-1-3.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Tensions between Iran and Israel have eased with a new ceasefire, reducing fears of oil supply disruptions. This geopolitical shift has quickly influenced oil markets as traders adjust to a calmer outlook.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Oil prices fall on ceasefire news<\/strong><\/h2>\n\n\n\n<p>Oil prices fell sharply on Tuesday following news of a ceasefire agreement between Iran and Israel, brokered with support from US President Donald Trump.<\/p>\n\n\n\n<p>The accord appears to have ended a 12-day conflict that had sparked fears of potential supply disruptions in the Middle East, a key oil-producing region.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Oil prices sink after Trump announces Israel and Iran have agreed to ceasefire <a href=\"https:\/\/t.co\/R8xPr13zjC\">https:\/\/t.co\/R8xPr13zjC<\/a> by <a href=\"https:\/\/twitter.com\/ines_ferre?ref_src=twsrc%5Etfw\">@ines_ferre<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1937313785426898960?ref_src=twsrc%5Etfw\">June 24, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Brent crude futures dropped by $2.69, or 3.76%, settling at $68.79 per barrel as of 0006 GMT.<\/p>\n\n\n\n<p>Earlier in the session, prices had declined by more than 4%, hitting their lowest point since 11 June.<\/p>\n\n\n\n<p>Similarly, US West Texas Intermediate (WTI) crude fell $2.70, or 3.94%, to $65.46\u2014marking its weakest level since 9 June.<\/p>\n\n\n\n<p>These declines come on the heels of a recent rally to five-month highs, previously fuelled by US airstrikes on Iranian nuclear infrastructure.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis: WTI crude under pressure<\/strong><\/h2>\n\n\n\n<p>A review of the 15-minute CL-OIL-ECN chart shows a steep reversal in oil prices. After reaching a peak of $77.903, WTI has now shed over $13 in value within a matter of days.<\/p>\n\n\n\n<p>Tuesday\u2019s intraday low touched $64.373. While there was a slight recovery, prices continue to trade below the 30-period moving average, which now serves as a dynamic resistance zone.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"445\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-1024x445.jpeg\" alt=\"\" class=\"wp-image-23228\" srcset=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-1024x445.jpeg 1024w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-300x130.jpeg 300w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-768x334.jpeg 768w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-500x217.jpeg 500w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-400x174.jpeg 400w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-350x152.jpeg 350w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27-200x87.jpeg 200w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/06\/image-27.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Picture:<\/strong> Heavy selling in crude triggers technical breakdown below 68.00, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>From an MACD (Moving Average Convergence Divergence) perspective, the histogram has started to edge into positive territory, and the MACD line is beginning to curl upwards \u2013 signalling a potential short-term bounce.<\/p>\n\n\n\n<p>Nevertheless, price action remains confined within a descending channel, with key resistance seen around $70.00.<\/p>\n\n\n\n<p>If the ceasefire agreement holds, a sustained recovery may prove difficult. Strong resistance persists between $78.40 (October 2024 high) and $80.77 (2025 high).<\/p>\n\n\n\n<p>Unless a fresh supply shock emerges, the near-term bias appears bearish, with possible support forming near $64.00.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Market sentiment shifts as geopolitical risk fades<\/strong><\/h2>\n\n\n\n<p>Iran\u2014OPEC\u2019s third-largest oil producer\u2014is now expected to resume exports at full capacity, which would increase global supply and alleviate recent pressure on prices.<\/p>\n\n\n\n<p>The rapid de-escalation in regional tensions has removed one of the key bullish narratives from the market.<\/p>\n\n\n\n<p>The previous week\u2019s surge, driven by fears of a broader regional conflict, has been largely reversed.<\/p>\n\n\n\n<p>With both Tehran and Tel Aviv committing to the phased ceasefire terms, which involve a 24-hour step-by-step de-escalation, market participants are now reassessing the likelihood of future supply interruptions.<\/p>\n\n\n\n<p>Should the truce hold, WTI crude may consolidate between $64.00 and $68.00.<\/p>\n\n\n\n<p>However, renewed hostilities or a breakdown in diplomatic progress could trigger a sharp rebound in oil prices.<\/p>\n\n\n\n<p>In the coming sessions, traders will be closely monitoring US inventory figures, as well as any new signals from OPEC, to gauge the next move.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tensions between Iran and Israel have eased with a new ceasefire, reducing fears of oil supply disruptions. This geopolitical shift has quickly influenced oil markets as traders adjust to a calmer outlook. Oil prices fall on ceasefire news Oil prices fell sharply on Tuesday following news of a ceasefire agreement between Iran and Israel, brokered <a href=\"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/oil-weakens-after-iran-and-israel-agree-to-ceasefire\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":23229,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[],"class_list":["post-23227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/23227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/comments?post=23227"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/23227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media\/23229"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media?parent=23227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/categories?post=23227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/tags?post=23227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}