Oil rises as fears of ship attacks and seizures persist

Oil prices rose on persistent concerns over ship attacks and vessel seizures, even as Iran said about 30 vessels had passed through the Strait of Hormuz. The move highlights ongoing geopolitical risk to global crude supply and shipping routes, with the Strait remaining a key chokepoint for energy flows. U.S.-China talks in Beijing add a broader geopolitical backdrop, but the immediate market driver is Middle East supply disruption risk.

Analysis

Oil prices rose on persistent concerns over ship attacks and vessel seizures, even as Iran said about 30 vessels had passed through the Strait of Hormuz. The move highlights ongoing geopolitical risk to global crude supply and shipping routes, with the Strait remaining a key chokepoint for energy flows. U.S.-China talks in Beijing add a broader geopolitical backdrop, but the immediate market driver is Middle East supply disruption risk.