Since the beginning of the conflict between the USA, Israel, and Iran, which started in late February, tensions have been escalating in the Strait of Hormuz, a crucial route for global maritime oil supplies.
The escalation of the situation has resulted in a significant rise in oil prices, with Brent exceeding $119 per barrel on Monday. However, on March 10, prices fell to around $91-92 following comments from Donald Trump about a possible de-escalation of the conflict.
In the past, Trump has also made sharp threats against Iran in light of the situation surrounding the Strait of Hormuz and potential attacks on shipping.
