WTI Crude Approaches $92/Barrel as Hormuz Crisis Sustains Price Pressure; Russia Offers Diesel to US

WTI crude oil prices approached $92/barrel as the ongoing Strait of Hormuz crisis continued to sustain upward price pressure on global energy markets. The price move was partially offset by Russia's offer to supply diesel to the United States, providing some relief to fuel markets that have been strained since shipping interdictions began affecting Persian Gulf transit routes.