The failure of peace talks between the United States and Iran has triggered an immediate reaction in global energy markets, reigniting pressure on oil prices.
Following the inconclusive conclusion of negotiations over the weekend and President Donald Trump's warning to blockade Iranian ports, oil prices surged significantly, once again surpassing the $100 per barrel threshold.
Brent crude, which serves as the global benchmark, rose by 7.3%, reaching $102.30 per barrel. The increase reflects growing concerns that tensions between the parties could escalate and deepen the global energy crisis.
Just days earlier, markets had reacted positively after a temporary bilateral ceasefire agreement between Washington and Tehran, which also included the opening of the Strait of Hormuz—a key artery for global trade, through which about one-fifth of the world's energy supplies pass.
However, the situation in this region remains fragile. Iran has threatened to attack ships passing through this maritime corridor in response to actions by the U.S. and Israel, turning the strait into a critical flashpoint of conflict.
Since the clashes began on February 28, maritime traffic in the area has been largely restricted, although some countries such as India and Malaysia have managed to secure passage for their ships through special negotiations.
Economic expert Chua Yeow Hwee from Nanyang Technological University in Singapore emphasizes that prices are expected to remain high. According to him, future developments will depend on the potential implementation of the blockade, the spread of transportation disruptions, and the resumption of diplomatic efforts.