International oil prices remained high, with Brent crude futures holding steady above $100 a barrel, despite US measures to temporarily allow countries to purchase Russian oil already at sea to increase global supply. Swissquote analyst Ipek Ozkardeskaya stated, "These quick measures are unlikely to alleviate the pressure." The main concern in the oil market remains the potential blockade of the Strait of Hormuz. US Treasury Secretary Bessenter called for the formation of an international coalition to escort oil tankers through the strait "as soon as military conditions permit," despite Iran's new leader's vow to continue the blockade of the waterway. (Jinshi)