Oil prices climbed on Wednesday, approaching a two-week high as uncertainty over the Strait of Hormuz and fresh attacks on shipping raised concerns about prolonged disruptions to global crude supplies. The disruption in Hormuz remains a major concern for oil markets because the waterway handled roughly 20% of global oil supplies before the conflict began. Any prolonged closure could significantly tighten crude supplies and increase pressure on international oil prices. With major oil transit routes under pressure, concerns over potential supply shortages are providing fresh support for Brent and WTI crude prices. Further escalation could add volatility to energy markets and push oil prices higher as traders assess the risk of extended disruptions to global oil supplies.