The conflict, which has been ongoing since late February between the USA, Israel, and Iran, continues to remain tense, especially in the Strait of Hormuz, which is a key route for international maritime oil supplies.
Against the backdrop of this escalation, the price of Brent oil surged sharply, rising above $119 per barrel on Monday; however, on March 10, the quotes dropped to around $91-92 following comments from Donald Trump about the possibility of de-escalating tensions.
Earlier, Trump had also made serious threats against Tehran, emphasizing the tension surrounding the Strait of Hormuz and potential attacks on shipping.
