According to the forecast of broker LightFinance, the price of crude oil could rise dramatically to $133.91 in the next few days.
This comes as the fragile ceasefire between the US and Iran is on the verge of breaking following a direct naval confrontation in the Gulf of Oman.
chairman donald trump The US Navy successfully intercepted and seized the Iranian-flagged cargo ship Tosca after it allegedly attempted to breach the US naval blockade, it was announced on Sunday.
While the US is sending a delegation led by Vice President JD Vance to Islamabad, Pakistan for the second round of peace talks, Iranian state media has rejected the invitation.
Tehran has condemned the seizure of its ship as “armed robbery” and a violation of the existing ceasefire, and has vowed to keep the Strait of Hormuz closed until the US lifts its maritime blockade.
The ceasefire is set to expire this Wednesday – and Tehran and Washington still appear to be miles away from a peace deal.
