Oil prices remain stable despite Strait of Hormuz crisis, investors adopt cautious stance

Islamabad (Commerce Desk) Despite ongoing tensions in the Strait of Hormuz and US President Donald Trump’s announcement of a plan to remove stranded ships, global oil prices have not shown any significant change in the international market. According to a report by Al Jazeera, Brent crude oil prices stood at 108.11 dollars per barrel on Monday morning, reflecting a slight decline of 0.06 percent. Experts say the market reaction has remained limited as investors are uncertain about the details and practical implications of the US plan. Reports suggest that the US military has claimed it is deploying warships, more than 100 aircraft, and 15,000 personnel to protect commercial vessels, however it has avoided any clear announcement of direct naval protection. On the other hand, Iran has opposed US actions and warned that any intervention will be considered a violation of the ceasefire. Along with rising regional tensions, reports of attacks on ships in Gulf waters have also surfaced, further complicating the situation.