US to guide ships through Strait of Hormuz amid Iran tensions

U.S. President Trump announced that the United States will guide ships through the Strait of Hormuz, aiming to alleviate the immediate impact of Iran’s blockade. Market pricing suggests support for higher crude oil prices by June 2026, consistent with ongoing tensions between the U.S. and Iran. This announcement does not fully resolve the geopolitical standoff and adds uncertainty to global oil markets.