International oil prices have risen for four consecutive days, surpassing $110 per barrel, with no signs of a resolution to the Iranian nuclear crisis. US President Donald Trump stated that he would not lift the blockade on Iranian ports until an agreement is reached, and is reportedly discussing ways to extend the blockade with oil industry executives. On the other hand, Iran has shown no willingness to compromise, and a military advisor to Iran's Supreme Leader warned that Iran would respond if the blockade continues. Dennis Kessler, Senior Vice President at BOK Financial, said, "The longer the blockade lasts, the higher oil prices will go," adding, "While this standoff could be a short-term factor for rising oil prices, it could also be a necessary condition to ultimately end this conflict."
