Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again

Iran warned that vessels not following approved routes would be dealt with 'accordingly,' while a U.N. organization paused ship-evacuation efforts at the strait. The warning raises immediate shipping and chokepoint-disruption risks, potentially affecting regional trade flows and tanker movements. The development is likely to keep markets risk-off, especially across energy and freight-sensitive assets.

Analysis

Iran warned that vessels not following approved routes would be dealt with 'accordingly,' while a U.N. organization paused ship-evacuation efforts at the strait. The warning raises immediate shipping and chokepoint-disruption risks, potentially affecting regional trade flows and tanker movements. The development is likely to keep markets risk-off, especially across energy and freight-sensitive assets.