Oil prices remain firm as tensions escalate between the US and Iran in the Persian Gulf, according to FX Street. Despite the heightened geopolitical risks, flows through the critical Strait of Hormuz continue uninterrupted, supported by US Navy escorts ensuring safe passage.
OPEC+ has maintained its current production quotas, providing additional stability to the market. This combination of geopolitical pressure and steady supply has kept oil prices supported in recent trading sessions.
For Japanese investors, who rely heavily on energy imports, these developments underscore ongoing volatility risks in global commodity markets, impacting FX and equity sectors linked to energy costs.