Brent crude oil prices have crossed $100 per barrel, primarily driven by escalating tensions between the United States and Iran. The situation worsened as peace talks stalled, with a ceasefire set to end soon, raising fears of renewed conflict. The US Navy's recent seizure of an Iranian ship in the Strait of Hormuz, a critical passage for global oil transport, has further exacerbated concerns over oil supply disruptions. Brent crude prices rose by 5.35%, reaching $98.89 per barrel, while US crude oil prices increased by 5.56%, reaching $90.68 per barrel. US President Donald Trump indicated a readiness to resume military action if negotiations fail, while Iranian officials have expressed reluctance to engage under perceived threats. The geopolitical conflict is linked to larger issues, including Iran's nuclear ambitions and regional military dynamics. As the situation develops, the global market remains anxious about potential energy shortages due to blocked supply routes.