Global oil prices have jumped sharply as tensions escalate over a potential extension of the United States blockade on Iran. Brent crude climbed to around $115 per barrel, continuing a volatile trend driven by geopolitical uncertainty.
The surge follows reports that US President Donald Trump has instructed officials to prepare for a prolonged blockade targeting Iranian ports, aimed at restricting Tehran’s oil exports and economic activity.
In response, Iran has signalled it will continue disrupting maritime traffic through the Strait of Hormuz, a key global energy route that carries a significant share of the world’s oil and gas supplies. Ongoing restrictions in the strait have already reduced shipping activity and contributed to supply concerns.
Oil markets have experienced sharp fluctuations since the conflict began, with prices rising again in recent days after briefly easing during a temporary ceasefire. Analysts warn that continued disruptions could sustain high energy costs and impact global inflation.
The latest developments highlight growing uncertainty in global energy markets as diplomatic efforts remain stalled and tensions persist in the region.
