Oil Edges Higher as US-Iran Tensions Threaten Strait of Hormuz

Oil prices climbed for a second straight day on Tuesday, as renewed hostilities between the United States and Iran stoked fears of longer-term supply disruptions in the Strait of Hormuz. The narrow waterway, through which roughly one-fifth of the world’s oil passes, remains a critical chokepoint for global energy flows. Traders are now weighing the risk of shipping delays or outright blockages, though no immediate impact on tanker traffic has been reported. The market’s cautious tone reflects growing unease that geopolitical friction could tighten supplies just as demand recovery shows signs of slowing.