Oil prices edge lower as traders monitor U.S. and Iran tensions in the Strait of Hormuz

Crude futures slipped Tuesday as investors monitored shipping risks in the Strait of Hormuz. EU sanctions and shifting Indian demand also impacted the market.

Insights:
The U.S. Department of Transportation’s Maritime Administration issued a formal advisory on February 10, 2026, directed at commercial vessels registered in the United States USUS. The guidance instructs these ships to remain as far as possible from the territorial waters of Iran IRIR and to explicitly decline any verbal requests for boarding by Iranian forces. This development has immediately intensified the focus of the global oil market on the potential for supply disruptions within the Strait of Hormuz.
FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar/File Photo
FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar/File Photo
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