WTI Slides: Iran Sanctions Dismissed, Hormuz Risks Underestimated?

WTI crude slides as traders discount US sanctions on Iran, extending a two-day decline. The market appears to prioritize supply adequacy and global demand concerns over immediate geopolitical risks, despite persistent threats in the Strait of Hormuz. Technicals suggest weakening momentum, while institutional clients weigh short-term sentiment against long-term risk. Vigilance is critical for future volatility.