China has expressed interest in purchasing oil from the United States, leading to a rise of more than one percent in global oil prices. The increase followed a statement from US President Donald Trump. Market data showed that the international benchmark Brent crude rose by 1.17 dollars, or 1.11 percent, reaching 106.89 dollars per barrel. Meanwhile, US West Texas Intermediate (WTI) crude increased by 1.10 dollars, or 1.09 percent, to 102.27 dollars per barrel.

In addition to Trump’s statement, ongoing tensions in the Strait of Hormuz have also influenced the oil market. Although reports indicated that at least 30 ships passed through the strait last Thursday, concerns about potential detentions or attacks remain. This instability has prompted investors to anticipate further price increases.

Analysts suggest that the combination of geopolitical uncertainty and renewed trade interest between China and the United States is shaping short-term market expectations.