London, United Kingdom – Web Desk: Oil prices rose for the fourth consecutive day on Thursday as escalating US-Iran tensions and growing concerns over potential disruptions to shipments through the Strait of Hormuz continued to pressure global energy markets .
Prices Continue Climb
Brent crude futures rose approximately 0.4% to $85.28 per barrel**, while US West Texas Intermediate crude gained 0.5% to **$80.02 per barrel . The sustained price surge follows a series of US airstrikes on Iranian targets and Iran’s retaliatory attacks on commercial vessels in the strategic waterway .
$110 Oil Warning
Analysts warn that the situation remains highly volatile. If crude exports from Gulf countries are further restricted or disruptions through the Strait of Hormuz persist, Brent crude could surpass $110 per barrel .
Global Implications
The Strait of Hormuz is the world’s most critical maritime chokepoint, through which a significant portion of global oil and natural gas supplies pass . Any disruption in the region directly impacts global energy markets, fuel prices, and the broader global economy .
