According to CoinMeta, oil prices rose at the close on Tuesday due to Iran's announcement that the Strait of Hormuz would remain blocked, and another attack in the Gulf occurred. Although the market is still fluctuating amidst headlines, traders are becoming more cautious in their reaction to the situation. Brent crude oil futures rose by about $1, closing at nearly $89 per barrel, while WTI crude oil also saw a similar increase, closing at around $83. Analysts expect that oil prices may be affected by the upcoming US CPI data in the coming weeks.