CNBC Daily Open: Oil jitters persist as U.S. targets Iranian ships near Strait of Hormuz

Oil traded slightly higher in volatile session after White House press secretary Karoline Leavitt said the U.S. has not escorted a tanker through the Strait of Hormuz. The comment appears to have limited near-term escalation risk while keeping regional supply-risk premiums elevated, suggesting continued short-term price volatility rather than a clear directional move.

Analysis

Oil traded slightly higher in volatile session after White House press secretary Karoline Leavitt said the U.S. has not escorted a tanker through the Strait of Hormuz. The comment appears to have limited near-term escalation risk while keeping regional supply-risk premiums elevated, suggesting continued short-term price volatility rather than a clear directional move.