Brent crude futures climbed nearly 4% on Thursday, extending a volatile rally driven by persistent concerns over shipping security in the Strait of Hormuz.
The energy market’s repricing reflects ongoing investor anxiety regarding potential supply disruptions in one of the world’s most critical oil transit chokepoints.
9%, retreating from a record close reached earlier in the week.
The surge in oil prices came as global equity markets struggled to maintain momentum.
The Dow Jones Industrial Average fell 0.9%, retreating from a record close reached earlier in the week.
Mixed trading across global stock exchanges highlighted a cautious sentiment among investors, who are balancing strong energy sector performance against broader economic uncertainties.
The Strait of Hormuz remains a focal point for market volatility.