Oil Prices Remain High Amid Geopolitical Tensions

International oil prices continue to hold steady at elevated levels, with Brent crude futures maintaining above $100 per barrel. According to Jin10, despite U.S. measures allowing countries to temporarily purchase Russian oil already at sea to boost global supply, concerns persist. Swissquote Bank analyst Ipek Ozkardeskaya noted that these swift actions are unlikely to alleviate pressure. The primary concern in the oil market remains the blockade of the Strait of Hormuz. U.S. Treasury Secretary Besent has called for the formation of an international coalition to escort tankers through the strait "as soon as military conditions permit," despite Iran's new leadership vowing to continue the blockade.