Veteran energy trader Dan Dicker says oil could spike from about $75 to $135 within a month even as markets treat President Donald Trump’s Iran deal as easing war risks. According to BeInCrypto, Brent crude (BRN) and WTI (CL) fell this month as Vice President JD Vance led Switzerland talks and announced a framework to keep the Strait of Hormuz open, though Trump also threatened fresh strikes and Vance called the Lebanon ceasefire a work in progress.
Dicker said tight inventories and a failure of supply to recover could force a sharp repricing. BeInCrypto also cited bearish positioning in Hyperliquid’s Brent perpetual, mixed options signals in the United States Brent Oil Fund (BNO), continued Brent backwardation, Kalshi odds near 51% of normal Hormuz traffic by September, and the US Strategic Petroleum Reserve falling 9.1 million barrels to 331.2 million, the lowest since 1983.
Veteran Trader Dan Dicker Sees Oil Jumping to $135 Despite Trump Iran Deal
2026-06-23 20:52:34
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