Brent crude oil prices remain around $100 per barrel as uncertainty over navigation in the Strait of Hormuz persists. Despite hopes for de-escalation in the Iran conflict, market analyst Fawad Razaqzada from Forex.com notes that the market remains unconvinced of a sustained price drop without a clear timeline for reopening the crucial shipping route. The ongoing tensions continue to restrict navigation, making it difficult for oil prices to fall significantly below the $100 mark.