Global oil prices moved higher on Thursday after growing uncertainty surrounding the Strait of Hormuz raised concerns about the security of one of the world's most important energy shipping routes.

According to international media reports, Brent crude rose nearly 1 percent to $83.29 per barrel, while US West Texas Intermediate (WTI) crude also gained, trading at $77.93 per barrel.

Market sentiment was affected by reports that Iran, in coordination with Oman, is considering introducing new regulations for vessels passing through the Strait of Hormuz. The proposed rules reportedly include fines of up to 20 percent of a cargo's value for ships found violating the new requirements.

Energy analysts say the reports have increased uncertainty in global oil markets because the Strait of Hormuz serves as a critical transit route for a significant share of the world's crude oil and liquefied natural gas (LNG) exports. Any disruption to traffic through the waterway could affect global energy supplies and push fuel prices even higher.

Meanwhile, discussions are also continuing over a possible transit agreement between Iran and Oman. However, industry experts believe implementing such an arrangement could prove difficult due to US sanctions, insurance restrictions and other commercial challenges.

Regional security concerns have also intensified after Yemen's Houthi group claimed responsibility for missile and drone attacks targeting Saudi facilities in Marib and Hadramout. Separately, US President Donald Trump expressed hope that the ongoing conflict involving Iran could come to an end soon, although the situation remains uncertain and closely watched by global energy markets.