Oil Holds Jump After Trump Reinstates Blockade on Iranian Ships

Oil rose to its biggest gain since April after President Trump said the US would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and require payment for all other cargo using the waterway. The policy threat raises supply disruption risk and adds geopolitical premium to crude pricing, likely supporting further volatility in energy markets.

Analysis

Oil rose to its biggest gain since April after President Trump said the US would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and require payment for all other cargo using the waterway. The policy threat raises supply disruption risk and adds geopolitical premium to crude pricing, likely supporting further volatility in energy markets.