Oil Prices Surge Above $110 Amid U.S. Blockade on Iranian Ports

Oil prices have climbed above $110 per barrel as the United States maintains its blockade on Iranian ports. According to NS3.AI, U.S. President Donald Trump announced that the blockade will remain in effect until a satisfactory agreement is reached. In response, a military advisor to Iran's supreme leader has warned of potential retaliation if the blockade persists. Dennis Kissler of BOK Financial noted that an extended blockade could drive oil prices higher, serving as a short-term bullish factor for crude.