Brent Oil Eyes $115 Breakout After Trump’s ‘Clock Ticking’ Warning to Iran
Brent crude oil price climbed near $111 on Monday after President Donald Trump warned that Irans “clock is ticking.” The weekend Truth Social post fueled fresh fears of a renewed Middle East conflict that could choke global supply. The International Energy Agency flagged record inventory depletion in its latest monthly update. The daily Brent crude chart now shows a symmetrical triangle approaching the apex that often dictates direction. Trump‘s post on Iran / Source: Truth SocialDaily Triangle Sets Stage for Brent’s Next Big Move The daily Brent crude oil chart shows price coiling inside a symmetrical triangle. The pattern began forming on March 19. Such patterns typically resolve once price travels roughly 70 to 80 percent of the way to the apex. The current setup is approaching that threshold. The triangle traces lower highs and higher lows. Point A sits near $120, point B near $92, point C near $116, and point D near $100. The squeeze suggests a directional decision is close. This compression marks the second re-accumulation zone for oil. It sits above the first base built between December 22, 2025, and February 26. From that earlier zone, Brent broke out and produced a sharp rally toward $120. The Relative Strength Index (RSI) reads