Oil Spikes Above $100 as Hormuz Blockade Threat Reignites Geopolitical Risk

Oil prices jumped above $100 per barrel in early Asian trading after U.S.-Iran talks collapsed and former President Trump said the U.S. would seek to blockade the Strait of Hormuz. U.S. benchmark Oil – US Crude climbed about 9% to $105.30, while international marker Oil – Brent Crude advanced roughly 8.5% to $103.30, though both remain around $10 below last week’s conflict-driven highs.

Despite the latest spike, Brent is down about 7.2% over the past month and WTI has slipped roughly 3.6%, underscoring how quickly risk premium can unwind when geopolitical tensions ebb. On a 1-day basis, technical indicators for both WTI and Brent currently point to a cautious Hold and Hold, suggesting traders are weighing headline-driven volatility against a still-fragile demand outlook. Investors can explore more updates, prices, and analysis across global markets at Commodities.