The US-Iran conflict is showing no signs of immediate resolution though both sides have acknowledged that talks continue. As the conflict has continued for weeks, pressure on the Strait of Hormuz a critical shipping corridor has persisted affecting energy movement and supply chains worldwide. With supply concerns mounting, crude oil prices have surged beyond the $100-per-barrel level, compared to nearly $70 before the conflict escalated. Brent crude, remaining above $111 per barrel, has triggered wider effects across fuel prices, currencies, trade activity, and financial markets.