Brent Crude Stays Above $100 Amid Supply Concerns in Strait of Hormuz
Oil prices remained elevated on Thursday, with Brent crude holding above the $100-per-barrel level as tensions persist between Iran and the United States over attacks near the strategic Strait of Hormuz. The strait is a critical global oil transit route, carrying about one-fifth of worldwide supplies before recent disruptions. Analysts noted that ongoing conflicts have extended beyond initial expectations, keeping supply concerns high and prices supported. U.S. President Donald Trump warned Iran could face further military action if attacks continue, while Iranian forces claimed to target multiple vessels in response to the sinking of five oil tankers by U.S. forces earlier this month. Meanwhile, China has increased crude imports after a period of reduced demand, which analysts suggest may amplify market sensitivity to supply shocks. The recent price surge reflects growing uncertainty over regional stability and its impact on global energy flows.
Topics: Brent Crude global oil supply shipping attacks Strait of Hormuz U.S.-Iran conflict