WTI crude oil futures are extending gains from the previous session, driven by heightened geopolitical tensions. The market is reacting to a speech by Iranian President Masoud Pezeshkian at the UN General Assembly, where he stated Tehran would not surrender to U.S. pressure. This rhetoric has intensified concerns over the ongoing conflict and the security of oil shipments through the critical Strait of Hormuz, outweighing reports of a surprise build in U.S. crude inventories. The lack of diplomatic progress continues to fuel supply uncertainty.