Oil prices edge higher after US and Iranian strikes raise Strait of Hormuz concerns

Oil prices moved up on Monday after exchanges of strikes between the United States and Iran increased concern about traffic through the Strait of Hormuz, a vital route for global crude shipments. Brent crude was among the benchmarks that edged higher as traders weighed the risk of disruption.

The waterway links the Persian Gulf with the Gulf of Oman and the Arabian Sea, and any threat to its operation can quickly affect energy markets. The latest rise came as investors assessed whether the conflict could interfere with tanker movements or delay a return to normal shipping.

The price move reflected renewed attention on the narrow passage after the military escalation, according to market reporting from Al Jazeera. Oil traders have been watching the area closely because a large share of the world’s seaborne crude passes through it.

The situation remains tied to the broader confrontation between Washington and Tehran, with market participants focused on whether further attacks could deepen the risk to supply routes.