Crude oil prices have reached their highest level since mid-2022. President Trump demanded that Iran reopen the Strait of Hormuz within 48 hours, threatening to bomb the country's power plants.

Brent crude rose above 113 dollars per barrel, marking a fifth consecutive day of gains. Prices have jumped more than 50 percent since the attacks began. Goldman Sachs raised its 2026 forecast to 85 dollars from 77 dollars.

Analysts are considering three scenarios for a Hormuz closure, with the first crisis expected after April 1.