Oil prices are going up because the situation between the United States and Iran is getting worse in the Strait of Hormuz, an important route for oil shipments. Brent oil prices increased by about 6%, reaching over $114 per barrel, as fears of conflict grow. Even though prices dropped slightly later, they are still high because of uncertainty. There have been reports of missile and drone attacks, especially involving the United Arab Emirates, and claims of naval clashes in the area. These events are making traders worried that oil supply could be disrupted. The Strait of Hormuz is very important because many countries depend on it for oil and trade. If the situation gets worse, it could affect fuel prices and economies around the world. Overall, rising tensions and possible conflict are pushing oil prices higher and creating uncertainty in global markets.