India, April 23 -- WTI crude futures climbed to $94.44 per barrel on Thursday, rising for the fourth straight session as diplomatic efforts between the US and Iran showed little progress. Market volatility spiked after reports indicated the US intercepted at least three Iranian oil tankers in Asian waters, while Tehran continues to assert control over the Strait of Hormuz, reportedly firing on commercial vessels.

This geopolitical friction is intensified by a sustained US blockade of Iranian ports and President Donald Trump's statement that current ceasefires remain indefinite pending a revised peace proposal which Tehran has shown no immediate intent to discuss. Currently, the commodity is exhibiting a "Strong Buy" technical profile, w...