Oil at $100 per Barrel Remains in Sight as Hormuz Keeps the Market on Edge
UKOil remains technically bullish, but its next major move hinges on Hormuz disruption and tougher US sanctions on Iran.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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UKOil remains technically bullish, but its next major move hinges on Hormuz disruption and tougher US sanctions on Iran.
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