Geopolitical tensions escalate oil markets as Trump seeks allied support for Strait of Hormuz security. The effective closure of this critical waterway, through which roughly one-fifth of global oil transits, has severely disrupted energy supply chains worldwide. US crude fell nearly three percent to trade near ninety-five dollars per barrel, while Brent crude declined one percent to around one hundred two dollars. The ongoing conflict has forced major oil producers like the UAE and Kuwait to further reduce output. Trump expressed frustration with NATO allies and other nations for remaining non-committal on his calls for assistance, despite decades of US military support. Recent military operations have destroyed over thirty minelaying vessels threatening commercial shipping.
