Oil prices have surpassed $100 per barrel amid the blockade of the Strait of Hormuz
Global oil prices rose sharply, surpassing the $100-per-barrel mark, although the pace of growth slowed somewhat in the evening.
Brent crude futures on the London exchange rose to $100.93 per barrel, while WTI futures rose to $102.38.
The price surge was triggered by the U.S. decision to impose a blockade on the Strait of Hormuz following failed negotiations with Iran.
The blockade applies to ships linked to Iranian ports and has already taken effect.
In response, Iran stated that if its ports are threatened, no port in the region will be safe.
Analysts note that the market is losing significant supply volumes, which is keeping prices high.
According to forecasts, the average price of Brent could reach $110 per barrel in the second quarter and around $100 in the third.
Gulf countries also reported that no new airstrikes from Iran were recorded on April 9. This marks the first day without attacks since the war began in late February. The situation may indicate a temporary easing of tensions in the region.
Since the announcement of the ceasefire between the U.S. and Iran, only a few ships have passed through the Strait of Hormuz. Traffic remains limited and unstable. Against this backdrop, hundreds of oil tankers are awaiting permission to pass.
