Brent Crude Nears $100 as Hormuz Strait Closure and Red Sea Blockade Threat Squeeze Oil Routes

According to Donhaeng Media, international crude oil prices are surging as critical Middle East shipping lanes face dual threats. The U.S.-Iran conflict has closed the Strait of Hormuz, while Houthi militants backed by Iran are threatening to blockade the Red Sea—an alternate route used when Hormuz is disrupted. Brent crude is approaching $100 per barrel amid the supply pressure from both corridors being cut off.
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