On June 3, renewed tensions between the United States and Iran sent shockwaves through the global energy market. WTI Crude ($CL) spiked sharply by +3% in a single day, pushing prices toward the $96/barrel level — and this move did not happen quietly. This is no longer just technical volatility. This is real-time risk premium being re-priced into the market. Middle East tensions escalate → oil reacts instantly Capital rotates away from risk → flows shift into energy One headline → enough to reshape the entire pricing structure At $96, this is not a top or a bottom… It’s a signal that the market is beginning to re-price “war risk” itself. #USIranOilRisk $CL