Global crude oil prices have moved above $105 per barrel following renewed tensions around the Strait of Hormuz, a critical route for international oil shipping.

The increase comes after a brief period of easing prices when reports suggested a temporary ceasefire agreement between the United States and Iran. That relief was short-lived as both sides resumed hardline positions over access to the waterway.

The Strait of Hormuz, which carries a significant share of the world’s oil and gas exports, has once again become a point of dispute. Reports indicate growing restrictions on maritime movement, alongside heightened military activity in the area.

The United States has taken a tougher stance in the region, including enforcement actions targeting vessels linked to Iranian oil transport. Washington has also accused Iran of interfering with shipping activities, including the use of small boats in the strait.

Iran, on its part, maintains that it will not ease its position unless restrictions on its shipping routes are lifted, while the US insists that maritime traffic must be fully restored before any diplomatic progress can be made.

The renewed standoff has raised concerns among traders and analysts, as any disruption in the Strait of Hormuz can quickly affect global oil supply. The waterway is responsible for the movement of a large portion of the world’s crude oil exports.

Market watchers say the uncertainty has pushed prices higher again, with fears that prolonged tensions could further tighten global supply conditions.