Brent crude prices climbed on Friday as investors assessed the escalating risk to global energy supplies following new threats from Iran against shipping traffic in the Strait of Hormuz.
Iranian military officials warned that they would respond forcefully to any tankers deviating from established routes through the narrow waterway.
Multiple wire services, including Livemint and Hospodarske noviny, have reported on the heightened tensions.
The threat targets vessels using unauthorized paths, signaling a tightening of Tehran's control over the strategic passage that handles a significant portion of the world's oil trade.
The development has reignited concerns among traders about potential disruptions to global oil flows.
The Strait of Hormuz remains a critical vulnerability in the energy supply chain, and any escalation in enforcement actions by Iranian forces could lead to immediate supply shocks and further price volatility.
Multiple wire services, including Livemint and Hospodarske noviny, have reported on the heightened tensions.