Global markets showed signs of stabilization today as oil prices held near $108 per barrel, with investors cautiously optimistic about efforts to restore shipping through the Strait of Hormuz.

Reuters reported that Brent crude rose slightly to $108.36, while Asian equities posted modest gains amid expectations that the U.S. could deploy measures to free stranded vessels in the region.

The Strait of Hormuz, responsible for roughly 20% of global oil and LNG flows, has been largely disrupted since the Iran conflict escalated, creating one of the biggest energy supply shocks in recent years.

For businesses, stable oil prices—despite ongoing risks—offer temporary relief after weeks of extreme volatility. However, shipping security concerns remain high, with reports of attacks on vessels near Iranian waters.

Economically, the situation highlights how closely global financial markets are tied to Middle East geopolitics. Even minor progress in negotiations is influencing investor sentiment worldwide.

Looking ahead, analysts expect continued volatility. Any confirmed reopening of shipping routes could trigger a sharp correction in oil prices, while further escalation could push markets back into risk-off mode.

Source : Reuters.