Iran hints Hormuz reopening as oil near 108 dollars sparks volatility and inflation fears worldwide

A nearly 20% global supply route is on edge

Iran’s oil blockade standoff has traders watching the Strait of Hormuz as oil prices hover around $108 a barrel, up nearly 50% since the war began. Iran says it could reopen the choke point carrying close to 20% of global oil supply, demanding the US lift its blockade and push toward ending the conflict. For now, tankers remain stuck and disruption keeps inflation worries alive.