Fresh US-Iran hostilities disrupt oil market, causing volatility. Strait of Hormuz issue unresolved. Oil prices fluctuating.

The unstable situation between the United States and Iran concerning the Strait of Hormuz is expected to continue to cause fluctuations in oil prices. The strait is a vital shipping route for oil, with about 20% of the world's oil passing through it daily. As tensions persist, experts predict that oil prices will remain uncertain until a resolution is reached.