Brent oil reaches one-month high as Iran tensions weigh on energy markets
Oil prices have surged to a one-month high as tensions between the United States and Iran continue to escalate, raising concerns over the Strait of Hormuz, one of the world's most important oil shipping routes. Brent crude has climbed sharply, shipping traffic has fallen by more than 50 percent, and President Donald Trump has announced new measures including a blockade on Iranian ports and a 20 percent transit fee for vessels using the waterway.
The latest developments are reshaping global energy markets as military operations, reduced shipping traffic, and new US policies fuel uncertainty over oil supplies. Analysts warn that if physical shortages emerge, prices could climb even higher, making every development around the Strait of Hormuz critical for markets worldwide.
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