Hormuz traffic remains limited as Brent crude rises to $107.82

  • President Donald Trump says the United States is improving shipping through the Strait of Hormuz.
  • Brent crude rose $3.21 to $107.82 a barrel after attacks disrupted regional energy infrastructure.
  • Reuters counted 14 weekend transits, versus more than 100 vessels daily before February's war.

Oil prices have risen despite U.S. claims that shipping through the Strait of Hormuz is improving, highlighting the gap between military control and normal commercial traffic. Brent crude gained $3.21 to $107.82 a barrel, while U.S. West Texas Intermediate rose $3.17 to $103.22 after an Iranian ship was attacked and Saudi Arabia's East-West oil pipeline was damaged by a drone strike. U.S. Energy Secretary Chris Wright said an average of 10 million barrels per day had passed through Hormuz over the previous week, or more than two-thirds of earlier flows. President Donald Trump said the United States was in total control and escorting oil tankers through the waterway, which carries a fifth of global oil and gas. Iran disputes those claims, says it controls access and has established a restricted shipping zone. Preliminary tanker data cited by Reuters showed only 14 vessels transiting over the weekend, versus a 10-day average of 14 per day and more than 100 daily before the U.S. and Israel launched their war on Iran in February. The counts may exclude ships with Automatic Identification System transponders turned off. Analysts say ongoing attacks, the closure of Saudi Arabia's alternative pipeline route and rising security costs are keeping upward pressure on prices. A planned Oman meeting between Gulf countries and Iran was postponed, while Houthi attacks and expanding control around Yemen's Red Sea coast have added further risks to energy shipments.

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