Oil Extends Advance as US-Iran Escalation Revives Hormuz Risks

Oil prices continued their upward trajectory as escalating tensions between the US and Iran reignited concerns about potential disruptions to crude shipments through the strategically critical Strait of Hormuz. The heightened geopolitical risk follows recent attacks on oil carriers in the region, prompting market participants to reassess energy supply security. Global energy markets remain vulnerable to further Middle East instability.