Israel continues to attack Hezbollah in Lebanon, which Iran has called a violation of the ceasefire with the United States, and has closed the Strait of Hormuz again.According to the international news agency, despite the ceasefire between Iran and the United States, ship traffic has not yet been restored in the Strait of Hormuz, which is severely affecting global supply.

Ships are being allowed to pass very cautiously and in limited numbers. Since the ceasefire, only ships, including an oil tanker, have been able to pass.

Due to which the price of American crude oil ‘West Texas Intermediate’ has reached about $ 100 per barrel, while the global benchmark Brent has also been around $ 97.

Today (Thursday), the price of US crude oil rose more than 5% and touched the $100 mark for the first time since the ceasefire was announced.Just a day earlier, oil prices had seen a historic drop of 16 percent to around $18, the biggest daily drop since 1983.

It should be remembered that a two-week ceasefire agreement had been reached between Iran and the United States, during which the United States would cease attacks and Iran would open the Strait of Hormuz.

However, tensions have flared up again due to Israel’s actions against Hezbollah in Lebanon, and the ceasefire agreement appears to be in trouble.

It should be noted that the Strait of Hormuz is the most important route for the worldwide transport of crude oil, which Iran considers its property and is practically under its control.