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Oil Prices Steady After US Navy Escorts 18M Barrels Through Hormuz

Guavy AI Editorial Team
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Oil
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Crude oil prices steadied on Friday, hovering around $89.50 per barrel in Asian trading hours after losses in the previous session.

The market digested news of a US naval operation that escorted approximately 18 million barrels of oil through the Strait of Hormuz on Tuesday, helping to calm immediate supply concerns.

Despite the reassurance, broader geopolitical tensions continue to limit any substantial pullback in oil prices. Recent US strikes on Iran and renewed Israeli threats toward Tehran have revived concerns about potential regional supply shocks.

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