Tropical Storm Beryl is causing concern in global oil markets. The U.S. Coast Guard has issued a warning about the potential closure of Texas ports and has already begun restricting vessel traffic. This comes as Beryl is expected to strengthen into a hurricane before making landfall in Port Lavaca on Monday morning.

The closure of ports is anticipated to temporarily halt crude oil shipments from the Gulf of Mexico, as well as shipments of fuel produced at those facilities.

According to the National Hurricane Center, the maximum sustained wind speed of the storm reached 95 kilometers per hour on Saturday.

Offshore oil fields in the Gulf of Mexico are a significant source of oil in the United States, accounting for approximately 14% of the country’s total production—equivalent to around 1.8 million barrels per day.

Any disruption to oil supply from this region is feared to lead to higher prices for U.S. crude, as well as for other offshore-produced crudes.

Oil and energy officials are closely monitoring the development of Beryl, while the Coast Guard takes necessary measures to ensure the safety of mariners and vessels in the Gulf of Mexico.

The storm is raising growing concerns in global energy markets, as it could lead to fluctuations in crude oil prices if supplies from the Gulf of Mexico are affected.