US Iran Blockade Pushes Brent Near $100

Brent crude rose 1.5% to $96.19/bbl and WTI 1.2% to $92.35/bbl, staying under $100 after US blockade.
US Central Command announced full implementation of naval blockade halting all sea‑borne trade with Iran, heightening Strait of Hormuz risks.
ANZ analysts estimate the conflict cut at least 10 million barrels per day, with March price spikes near $120/bbl versus $70 pre‑war.
President Trump claimed the war is close to ending and expects cease‑fire talks to resume within days, citing a two‑week ceasefire until April 21.