Oil price surges toward $105 per barrel

Brent crude oil prices have surged toward $105 per barrel as investors react to the breakdown in negotiations with Iran and the continued U.S. blockade of the Strait of Hormuz. The price spike reflects heightened market anxiety over the prolonged disruption to one of the world's most critical maritime chokepoints for oil shipments. The blockade, a cornerstone of the Trump administration's pressure campaign, shows no signs of easing as diplomatic efforts have stalled.