US and Iran Intensify Strikes as Oil Prices Hit $91 Per Barrel

As global oil prices surged above $91 a barrel, both nations intensified targeting of infrastructure, signaling a deepening conflict over the strategic Strait of Hormuz.

Escalating Strikes and the Strait of Hormuz

The conflict between the United States and Iran has effectively stalled transit through the Strait of Hormuz, a critical maritime passage that previously handled approximately one-fifth of the world’s crude oil and natural gas supply.

Simultaneously, Iran’s offensive operations remain active. Following a recent attack on a tanker within the strait that forced the crew to abandon ship, Iranian forces have maintained pressure on U.S. allies. Residents in Bahrain and Kuwait reported sirens warning of incoming projectiles on Tuesday afternoon. The persistent hostilities have pushed the international benchmark for Brent crude to roughly $91 per barrel, while regular gasoline prices in the U.S. have reached an average of $4 per gallon, as noted by Apnews.

Diplomatic Hurdles in Islamabad

While military actions persist, Iranian Interior Minister Eskandar Momeni traveled to Pakistan this week to engage in closed-door negotiations aimed at salvaging the interim ceasefire agreement that fell apart earlier this month. Momeni held meetings with Pakistan’s army chief, Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif.

For more on this story, see Trump Escalates Iran Conflict: US Strikes Intensify After Ceasefire Collapse.

Despite these efforts, the path toward a new arrangement remains uncertain. Pakistan, which served as a primary broker for the initial memorandum of understanding in June 2025, is currently attempting to persuade both sides to return to the table. Prime Minister Sharif issued a statement expressing deep concern over the escalation and urged all parties to exercise restraint to prevent further regional destabilization.

President Trump’s Stance on Negotiations

From the Oval Office, President Donald Trump has signaled a firm refusal to engage in new talks under current conditions. Addressing reporters, the President stated that Iranian officials want to desperately meet. And until they’re ready to meet in a meaningful way, we have no interest in meeting.

President Trump’s Stance on Negotiations

This follows our earlier report, US Forces Launch Strikes on Iran and Blockade Strait of Hormuz Ports.

President Trump indicated that U.S. forces are preparing to target an area near Pickaxe Mountain, described as a fortified underground site located in proximity to one of Iran’s primary nuclear enrichment facilities. This follows previous periods of volatility, including surprise attacks in June 2025 and February while it was engaging in separate nuclear negotiations.

Houthi Blockade and the Red Sea Front

The conflict has expanded beyond the Persian Gulf, with Iran-backed Houthi rebels in Yemen declaring a naval blockade against Saudi Arabia. Because the Strait of Hormuz is effectively blocked, Saudi Arabia has been reliant on a pipeline to the Red Sea to export its oil. Houthi officials, speaking on condition of anonymity, stated they warned international shipping companies on Monday to avoid the Bab el-Mandeb Strait.

Houthi Blockade and the Red Sea Front
Photo: Apnews

Read also: US Strikes Iran After Ship Attacks in Hormuz Strait: Watch 10 Devastating Videos.

SABA, a news agency operated by the Houthis, claimed on Tuesday that six ships were forced to reroute after receiving warnings from the group. While the Associated Press reported it could not immediately verify these specific claims, the opening of this new front has introduced further instability into global trade routes. The U.S. military remains focused on its stated mission, with Central Command affirming that American forces remain postured and prepared to hold Iran accountable for unwarranted aggression toward civilian mariners seeking to freely and openly transit the strait.

Iran strikes could push gas prices to $4 per gallon, expert warns

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