Oil Rises as Trump Claims US Control of Strait of Hormuz Amid Mideast Tensions

Oil prices closed higher as Middle East tensions persist, with President Trump asserting US control over the Strait of Hormuz. The claim, if accurate, signals heightened US military posture in a critical chokepoint, but its veracity and operational implications remain unconfirmed. This development underscores supply risk in the world's most important oil transit lane.