Oil: Brent and WTI on Divergent Paths Amid Trump and Strait of Hormuz Tensions

Mixed trends prevail in the oil market, with WTI reaching 2022 highs and Brent remaining stagnant. The crisis in the Strait of Hormuz, Trump's threats, and overall uncertainty keep markets tense.

Specifically, Brent contracts fell by 0.5%, closing at $109.27 a barrel, while WTI rose by 0.5%, reaching $112.95.

Traders are highly concerned about prolonged supply disruptions, as the market moves away from the scenario of a rapid de-escalation of the crisis.

The situation in the Strait of Hormuz remains critical, with tanker traffic reduced due to attacks on ships, causing a severe shock to the global energy supply.

Analysts point out that markets may be underestimating the risk of further escalation, given the intensity of the rhetoric and potential retaliation against energy facilities.