Crude oil rose modestly as Iran remained unresponsive to a U.S. ultimatum with under 24 hours before the deadline, and Tehran warned of retaliatory attacks beyond the Arabian Gulf. The standoff raises the risk of disruptions to shipments through the Strait of Hormuz and is exerting upward pressure on oil prices; monitor regional military activity and oil price moves for potential escalation.
Crude oil rose modestly as Iran remained unresponsive to a U.S. ultimatum with under 24 hours before the deadline, and Tehran warned of retaliatory attacks beyond the Arabian Gulf. The standoff raises the risk of disruptions to shipments through the Strait of Hormuz and is exerting upward pressure on oil prices; monitor regional military activity and oil price moves for potential escalation.
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mildly negative
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