US naval blockade on Iran triggers oil price surge and market unease

Tensions in the Gulf escalated dramatically as the United States announced a naval blockade targeting Iran-bound vessels in the Strait of Hormuz. The move, revealed Sunday by President Donald Trump, immediately sent shockwaves through global oil markets, driving Brent crude prices up more than 8%, surpassing $103 a barrel. This marks the first breach of the critical $100-per-barrel threshold since earlier last week, reflecting market anxiety over potential disruptions to one of the world's most