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Crude oil futures traded lower on Tuesday morning after markets analysed the potential for supply disruptions following a US advisory to vessels transiting the Strait of Hormuz and Gulf of Oman. Crude oil prices rose over 1 per cent on Monday following a US advisory to its vessels.
At 10.04 am on Tuesday, April Brent oil futures were at $68.91, down by 0.19 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $64.19, down by 0.26 per cent. February crude oil futures were trading at ₹5832 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹5870, down by 0.65 per cent, and March futures were trading at ₹5835 against the previous close of ₹5875, down by 0.68 per cent.
An advisory issued by the US Department of Transportation’s Maritime Administration on Monday warned that the US-flagged vessels transiting the Strait of Hormuz could face illegal boarding, detention or seizure by Iranian authorities.
The advisory said commercial vessels transiting the Strait of Hormuz and Gulf of Oman have long been at risk of being hailed, queried, boarded, detained, or seized by Iranian forces. Iranian forces have historically utilized small boats and helicopters during boarding operations and have attempted to force commercial vessels into Iranian territorial waters, including as recently as February 3.
The US government is continually assessing the maritime security situation in the region to identify and differentiate threats and safeguard freedom of navigation, ensure the free flow of commerce, and protect US vessels, personnel, and interests, it said.
The advisory said: “It is recommended that US-flagged commercial vessels transiting these waters remain as far as possible from Iran’s territorial sea without compromising navigational safety. When transiting eastbound in the Strait of Hormuz, it is recommended that vessels transit close to Oman’s territorial sea.”
Talks between the US and Iran, which were mediated by Oman, saw some progress on Friday.
February natural gas futures were trading at ₹283.90 on MCX during the initial hour of trading on Tuesday against the previous close of ₹287.50, down by 1.25 per cent.
On the National Commodities and Derivatives Exchange (NCDEX), February guargum contracts were trading at ₹10119 in the initial hour of trading on Tuesday against the previous close of ₹10086, up by 0.33 per cent.
April dhaniya futures were trading at ₹10984 on NCDEX in the initial hour of trading on Tuesday against the previous close of ₹11018, down by 0.31 per cent.
–EOM–
Published on February 10, 2026
