Oil Rises Amid Hormuz Attack, US Says No to Tolls, More

Oil prices rose amid an attack near the Strait of Hormuz, highlighting fresh geopolitical risk to a critical global shipping chokepoint. The U.S. said it does not support tolls, adding a policy angle to the market response. The event is likely to keep energy and freight markets volatile and could have broad spillover effects if disruptions escalate.

Analysis

Oil prices rose amid an attack near the Strait of Hormuz, highlighting fresh geopolitical risk to a critical global shipping chokepoint. The U.S. said it does not support tolls, adding a policy angle to the market response. The event is likely to keep energy and freight markets volatile and could have broad spillover effects if disruptions escalate.