Oil prices climb after US issues shipping advisory for Gulf region
Oil prices rose more than one percent on Monday following a US shipping advisory near Iran. The warning renewed global concerns over oil supply disruptions.
Insights:
The U.S. 
US Department of Transportation issued an advisory on February 9, 2026, urging U.S.-flagged vessels to avoid Iranian 
IR territory while transiting the Strait of Hormuz and the Gulf of Oman 
OM. This guidance was released as energy markets repriced the risk of supply disruptions, leading oil prices to settle more than 1% higher.
US Department of Transportation issued an advisory on February 9, 2026, urging U.S.-flagged vessels to avoid Iranian IR territory while transiting the Strait of Hormuz and the Gulf of Oman OM. This guidance was released as energy markets repriced the risk of supply disruptions, leading oil prices to settle more than 1% higher.Market participants responded to the navigational warning by pushing Brent crude futures and U.S. West Texas Intermediate crude higher. The Strait of Hormuz is a critical chokepoint for global energy, handling roughly one-fifth of global oil flows. Increased risks in this corridor often result in higher risk premia, affecting crude flows and the strategic decisions of trading firms.
