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WTI Crude Rallies as US Shipping Advisories Sustain Geopolitical Risk Premium

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Published: February 21, 2026

Strait of Hormuz Anxiety

The potential for tanker seizures is currently outweighing the bearish 2026 surplus narrative. Traders are hedging against a disruption to the 20 million barrels per day that transit the Strait of Hormuz chokepoint.

Inventory Tightness

A larger-than-expected drawdown in US commercial crude stocks reported last week has tightened the prompt physical market, providing a technical floor for WTI.