The blockade of the Hormuz Strait remains a major concern, and Brent crude remains above $100.

Oil prices have maintained their increase, with Brent crude oil prices staying above $100 per barrel, despite US efforts to increase global supply by temporarily allowing countries to purchase Russian oil already at sea. Ipek Ozkardeskaya of Ria Bank said, "Quick measures are unlikely to alleviate pressure." The main concern in the oil market is still the closure of the Strait of Hormuz. US Treasury Secretary Scott Benson has called for the formation of an international alliance to escort tankers through the strait "once militarily feasible," but Iran's new leader has vowed to continue blocking the waterway. In early trading, Brent crude oil rose 1% to $101.51 per barrel, while West Texas Intermediate rose 1.1% to $91.50. These two benchmarks are expected to show weekly gains of around 9% and 11%, respectively.