Crude oil futures rise as Hormuz traffic declines
pre-market1 source ↓written by the desknot a recommendation
Crude oil futures opened higher as tanker traffic through the Strait of Hormuz dropped to four vessels from eight. Recent U.S. attacks in Iran and retaliatory strikes have intensified supply risks, disrupting key shipping routes. This situation may lead to increased volatility in oil prices as traders reassess market stability. ⚡
Not investment advice. For informational purposes only.