Brent crude prices climbed on Friday as investors digested fresh warnings from Iran regarding shipping traffic in the Strait of Hormuz.
Iranian military officials threatened to take action against tankers that deviate from approved routes through the critical waterway, according to reports from Bankier.pl.
Approximately 20% of the world's oil supply passes through the Strait of Hormuz, making any disruption a significant risk to energy security.
The statement marks a hardening of Tehran's stance on maritime security in the region.
The threat to enforce strict routing compliance introduces immediate uncertainty for global oil logistics.
Approximately 20% of the world's oil supply passes through the Strait of Hormuz, making any disruption a significant risk to energy security.
Markets are repricing this geopolitical risk, with Brent crude moving higher as traders assess the potential for supply constraints.