Brent crude oil rises by 1.8% as the market worries about disruption of shipping in the Strait of Hormuz.

Brent crude oil prices have risen by 1.8%. There is widespread market concern about the progress of US-Iran negotiations and the potential risk of shipping disruptions in the Strait of Hormuz. As a key passageway for global oil transportation, any shipping blockage in the Strait of Hormuz could significantly impact the international oil supply structure, which is one of the core reasons for the recent oil price fluctuations.