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Footage released by Iranian State TV claimed to show ships anchored in the Strait of Hormuz on Thursday. According to Associated Press it comes as the price of Brent crude oil surged to around $123 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the strait and a permanent end to the Iran war. There’s no clear path to an end to the war. The U.S. has continued its blockade of Iranian ports while the Strait of Hormuz, is closed, pushing oil prices higher. Reports Thursday suggesting a possible escalation by U.S. President Donald Trump doused hopes for a quick end to the conflict.
Iran’s closure of the strait has put pressure on both sides and impacted the world economy, pushing up prices for food, fuel and other products made from petroleum. Frustration is mounting, as dozens of nations this week repeated calls to open the critical waterway for both humanitarian and economic relief.
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