Oil prices rose following renewed strikes between the US and Iran that disrupted shipping in the Strait of Hormuz. Analysts warned that full recovery of Gulf oil supplies may take months despite signs of possible de-escalation.
Oil prices increased as tensions between the United States and Iran escalated again in the Middle East. The renewed strikes interrupted tanker traffic through the Strait of Hormuz, a key route for global crude shipments.
Saudi Aramco restarted oil loadings after earlier disruptions. However, a recent helicopter crash added further complications to operations in the region.
Analysts noted that even with reports of renewed talks, lingering damage and security concerns could delay any return to normal supply levels for several months.
