Why Is WTI Crude Surging 9% Despite the Bearish Technical Forecast? $105 Blockade Shock and Islamabad Stalemate Ignite Market Volatility

International benchmark Brent crude and WTI futures exploded higher on April 13, 2026, trading at $103.00 and $105.12 respectively. While technical charts late last week signaled a lower high bearish continuation, a weekend diplomatic collapse in Islamabad has overwritten the scanners. The market is now grappling with a strategic escalation as President Trump officially ordered a U.S. blockade of Iranian ports effective 10 a.m. ET today.

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