Oil Prices Breach $100 Amid Hormuz Blockade Threats (eco.sapo.pt)

• US-Iran diplomatic impasse continues
• Strait of Hormuz blockade threat triggers market volatility
• Oil prices rebound above the $100 threshold

"Oil prices have surged past $100 per barrel following the collapse of US-Iran negotiations regarding the conflict initiated on February 28. Market volatility is further exacerbated by Donald Trump's threats to enforce a blockade of the Strait of Hormuz, a critical global shipping artery. This escalation poses significant risks to European energy supply stability and broader economic resilience."