Oil rises to $86 after US restores Iran blockade, threatens strikes on energy targets
Oil prices surged to $86.19 per barrel after the United States reinstated a naval blockade on Iranian ports in response to attacks on vessels in the Strait of Hormuz. This blockade, coupled with ongoing US military strikes aimed at degrading Iranian capabilities, has intensified a supply crisis in a region critical for global energy transport. The situation has raised concerns over further disruptions in oil supply, impacting global markets.