Middle East tensions
Japanese, French and Omani vessels have crossed the Strait of Hormuz since Thursday, reflecting Iran's policy of allowing passage for ships it deems friendly without U.S. or Israeli links. Mitsui O.S.K. Lines' LNG tanker Sohar LNG became the first Japan-linked vessel to do so since the conflict began. Shipping data confirmed the transits amid ongoing tensions.
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Oil prices rose on Monday after U.S. President Donald Trump and Iran threatened to attack energy facilities in the Middle East. Brent crude futures climbed to $113.20 a barrel, while U.S. West Texas Intermediate reached $98.85.