Oil gains more than 2% as Trump struggles to build Hormuz coalition
Oil prices surged by more than 2% on Tuesday amid ongoing uncertainty about the U.S.-led coalition’s plan to safeguard shipping in the Strait of Hormuz. Brent Crude rose by 2.45%, reaching $102.95 per barrel, while WTI Crude increased by 2.51%, reaching $95.52 per barrel.
Highlights
- Oil prices surged by more than 2.5% due to concerns about the Strait of Hormuz.
- Brent Crude rose to $102.95 and WTI Crude to $95.52.
- Approximately 13 million barrels per day of global oil shipments pass through the strait.
Strait of Hormuz remains a key factor for the market
According to Reuters, investors are closely monitoring efforts by the Trump administration to form an international coalition to escort ships through the Strait of Hormuz. However, signals from Washington remain mixed. U.S. Treasury Secretary Scott Bessen stated that Iranian tankers are being allowed to pass through the strait to maintain global oil supply, while President Donald Trump has publicly urged other countries to join the operation, acknowledging that some allies are reluctant to participate.
The situation has raised concerns, as key U.S. allies have shown hesitation about sending military vessels. European countries and other partners of the U.S. are seeking more clarity on the operation’s goals and timelines, fearing that involvement in tanker escorts could lead them into a wider conflict.
Rising prices reflect supply risks
The Strait of Hormuz, located between Oman and Iran, is a vital artery for global oil trade. According to consulting firm Kpler, in 2025, about 13 million barrels per day, or approximately 31% of global seaborne crude oil shipments, passed through the strait. Any uncertainty surrounding the safety of this route quickly reflects in oil prices.
Market analysts point out that the measures discussed — including insurance guarantees and naval escorts — have not been fully implemented, leaving the market concerned about further disruptions, especially if attacks on vessels or energy infrastructure continue.
The impact of Strait of Hormuz tensions on global oil prices
Oil prices rose by over 2% on Tuesday, driven by concerns over potential disruptions to the vital shipping route in the Strait of Hormuz. The current price for Brent Crude is around $103, while WTI Crude is near $96.
The Strait of Hormuz remains a critical chokepoint for global oil trade. Any uncertainty or threat to the passage of tankers increases the risk premium in oil prices.
Until the international coalition to secure the strait is fully established, the market will continue to reflect these geopolitical risks.
Earlier, we reported that oil prices rise as Trump calls for global support in Strait of Hormuz.
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