霍尔木兹海峡封锁僵局持续，布伦特原油价格突破每桶106美元Oil Surges Past $106 as U.S.-Iran Standoff Keeps Strait of Hormuz Closed

华盛顿与德黑兰之间的对抗在周五达到了新高度。在双方相继扣押对方船只后，霍尔木兹海峡的通行实际上已陷入停滞。美国政府采取了更为强硬的姿态，要求所有过境船只必须向美国海军报备并获得许可，这被视为对伊朗领海主张的直接反击。伊朗方面则通过加强在该海峡的军事存在作为回应，使得这一连接波斯湾与全球市场的唯一通道处于高度戒备状态。

The confrontation between Washington and Tehran reached a new peak on Friday, with transit through the Strait of Hormuz effectively grinding to a halt following a series of ship seizures by both sides. The U.S. administration has adopted an aggressive stance, mandating that all transiting vessels obtain U.S. Navy clearance, a move designed to counter Iranian claims over the waterway. In response, Tehran has bolstered its military presence, leaving the sole maritime link between the Persian Gulf and global markets in a state of high-alert paralysis.

• 美国要求所有过境船只必须获得美国海军许可。
• 美伊双方近期均在海峡附近实施了船只扣押行动。
• 关键油轮如“朝日公主号”被迫在周边港口待命。

• U.S. mandates Navy permission for all vessels transiting the Strait.
• Both U.S. and Iranian forces have conducted recent ship seizures.
• Key tankers like the 'Asahi Princess' are idling in nearby Mediterranean ports.

受地缘政治风险溢价推动，国际油价在周五早盘交易中表现强劲。布伦特原油价格迅速攀升至106美元上方，反映出交易员对供应长期中断的恐惧。尽管以色列与黎巴嫩的停火协议延长本应缓解部分地区压力，但由于霍尔木兹海峡承载着全球约五分之一的石油消费量，其封锁带来的冲击远超其他外交进展。分析人士指出，只要美伊僵局持续，油价将维持在高位震荡。

Driven by a heavy geopolitical risk premium, international oil prices showed strong gains in early Friday trading. Brent crude's rapid ascent above the $106 mark reflects deep-seated fears among traders regarding long-term supply disruptions. While the extension of the Israel-Lebanon ceasefire was expected to provide some relief, the strategic importance of the Strait of Hormuz—which handles roughly one-fifth of global oil consumption—overshadows other diplomatic developments. Analysts suggest that as long as the U.S.-Iran deadlock persists, prices will remain volatile and elevated.

尽管能源市场因海峡封锁而动荡，但中东地区的其他外交渠道仍表现出一定的韧性。以色列与黎巴嫩之间达成的停火协议延长，曾一度被视为地区局势降温的信号。然而，美伊之间在核心航道主权和航行自由问题上的根本分歧，使得局部的停火难以转化为全面的市场稳定。目前，国际社会正密切关注华盛顿是否会进一步通过制裁或军事护航来强化其“许可制”政策。

Despite the turbulence in energy markets caused by the blockade, other diplomatic channels in the Middle East have shown some resilience. The extension of the ceasefire between Israel and Lebanon was initially viewed as a sign of regional cooling. However, the fundamental disagreement between the U.S. and Iran over maritime sovereignty and freedom of navigation in the Strait means that localized truces are insufficient to ensure broader market stability. The international community is now watching closely to see if Washington will further enforce its 'permission' policy through additional sanctions or military escorts.