Crude oil prices fell due to market efforts to balance the reopening of the Strait.

This morning, crude oil futures fell by 3.3%, with oil prices dropping below the $100 per barrel mark. The United States is working to organize an alliance to respond to Iran's closure of the Strait of Hormuz, putting pressure on oil prices. However, traders are also preparing for a longer-term conflict, which could further impact oil prices. Samer Hasn of XS.com said in a report, "More and more people believe that there is a strategic misjudgment of the scope and timetable of hostile actions, driving traders to increasingly digest the expectation that the conflict will last indefinitely, providing the necessary bullish momentum for further price discovery."