Oil Holds Gains as Hormuz Standoff Drags On

Oil futures rose for a fourth straight session on Wednesday, as shipping through the Strait of Hormuz remained restricted with no signs of a breakthrough in the standoff. The bottleneck, a critical passage for global crude supplies, kept traders on edge and sustained concerns over potential shortages. With no progress reported in talks, the market continues to price in the risk of prolonged disruption to major export routes.