Global oil markets have entered a high-volatility phase as supply concerns intensify across key energy regions.Recent developments have disrupted energy infrastructure and raised concerns about potential supply constraints. At the same time, shipping activity through the Strait of Hormuz — a critical route carrying nearly 20% of global oil supply — has slowed significantly, amplifying market uncertainty.As a result, crude oil prices reacted sharply:WTI crude surged above $110 per barrel,while Brent crude also climbed past the $110 level, marking one of the largest single-day price moves in decades.Market analysts estimate that potential supply disruptions in the region could reach 3.3 million barrels per day under extreme scenarios.In the near term, oil prices are expected to trade within a high-volatility range of $100–$120, with geopolitical developments remaining the primary driver of market sentiment.