Brent crude futures climbed on Monday, extending gains as shipping activity through the Strait of Hormuz continued to face headwinds.
The price movement reflects persistent market anxiety over supply chain vulnerabilities in the Middle East, even as diplomatic channels remain open.
The Strait of Hormuz remains a focal point for global energy flows, and any disruption to tanker transit immediately triggers risk premiums in oil markets.
Recent reports indicate that vessel movements have slowed, compounding concerns about potential supply bottlenecks.
This operational friction is weighing on trader sentiment, keeping prices elevated despite the absence of a complete blockade.
Diplomatic talks between U.S. and Iranian officials, conducted under an interim peace framework, have started unevenly.