International Oil Prices Rebound Following Ship Attack in Strait of Hormuz; WTI Up 2.25%

International oil prices, which had been on a downward trend, rebounded for the first time in five trading sessions following a ship attack in the Strait of Hormuz.

On June 25 (local time), the settlement price for Brent crude for August delivery on the ICE Futures Exchange rose 2.06% from the previous session to $75.26 per barrel.

On the New York Mercantile Exchange, the settlement price for West Texas Intermediate (WTI) crude for August delivery climbed 2.25% from the previous session to $71.92 per barrel.

Until the previous day, both oil benchmarks had fallen to levels seen just before the outbreak of war, as progress in U.S.-Iran negotiations led to an increase in shipping volume through the Strait of Hormuz. However, geopolitical risks resurfaced in just one day, pushing prices back into an upward trend.

The United Kingdom Maritime Trade Operations (UKMTO) stated that it had received a report of a suspected attack on a cargo ship attempting to pass through the Strait of Hormuz near the coast of Oman.

Tensions are escalating as Iran's Persian Gulf Strait Authority (PGSA), which manages passage through the Strait of Hormuz, stated, "We cannot guarantee the safety of vessels that do not use designated shipping lanes."
※ Please note: This article was translated by AI and may contain errors.