Global oil prices have surged above $100 per barrel as tensions between the United States and Iran continue despite an extended ceasefire.
Brent crude oil rose sharply amid uncertainty over the stability of the truce announced by Donald Trump, who said the ceasefire would remain open-ended but acknowledged there was no clear timeline for a full resolution.
Ceasefire fails to calm markets
Despite the extension, Iran has accused the U.S. and its allies of violating the agreement. Tehran’s negotiators have заявили that the Strait of Hormuz remains effectively closed, preventing the resumption of normal oil shipments.
The ongoing standoff has left diplomatic progress uncertain and kept markets volatile.
Sanctions and supply pressure
Washington has maintained strict measures targeting Iran’s oil exports, including restrictions on shipments from key terminals such as Kharg Island. At the same time, Iran’s position on the Strait of Hormuz has added further pressure on global supply chains.
Analysts say the combination of sanctions and shipping disruptions is fuelling concerns about potential shortages.
Market outlook uncertain
Investors remain cautious, with energy markets reacting strongly to geopolitical risk in the Middle East. The Strait of Hormuz is a critical transit route for global oil, and any prolonged disruption could have significant economic consequences.
Experts warn that if tensions escalate further, prices could rise even higher. However, a diplomatic breakthrough and reopening of the strait could ease pressure and stabilise markets in the coming weeks.
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