Brent tops $106 as Iran holds firm on Hormuz reopening terms

$BRENT climbed above $106 as Iran maintained its conditions for reopening the Strait of Hormuz, terms that President Trump has already rejected.
The continued disagreement keeps uncertainty elevated around one of the world's most important oil transit routes, supporting a substantial geopolitical risk premium in crude prices.
Any progress toward restoring normal Hormuz traffic could reduce that premium, while a prolonged impasse would keep supply and shipping risks elevated.