Oil posted a second straight weekly gain as President Trump said he would maintain a naval blockade of Iranian ports, increasing the risk that the Strait of Hormuz remains closed. The policy stance raises supply disruption fears in a critical transit route for global crude flows. The news is broadly supportive for oil prices and risk-off for energy-sensitive markets.
Oil posted a second straight weekly gain as President Trump said he would maintain a naval blockade of Iranian ports, increasing the risk that the Strait of Hormuz remains closed. The policy stance raises supply disruption fears in a critical transit route for global crude flows. The news is broadly supportive for oil prices and risk-off for energy-sensitive markets.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
