Brent crude just moved above $105, and the market is getting nervous fast.
Iran attacked three ships in the Strait of Hormuz on Wednesday and took two of them into Iranian waters. The third ship was hit but kept moving. So far, the crews are reported safe.
This happened right after Donald Trump said he was extending the ceasefire with Iran. That made the situation even more confusing and tense, because the ceasefire now looks weak on the ground.
The real fear is simple: the Strait of Hormuz is one of the world’s most important oil routes. If ships are no longer safe there, oil supply could be disrupted very quickly.
That is why oil is jumping. This is not just a political clash now. It is turning into an energy shock, and the market is reacting like the risk is real.