The Strait of Hormuz is basically half-closed and oil just hit $105

Okay, one sentence: Trump rejected Iran's counteroffer this week, the Strait of Hormuz is still mostly shut, and Brent crude just hit $105 a barrel. That's a $4 jump in a single day. Here's what the strait actually is. About 20% of the world's oil moves through it. Narrow chokepoint between Iran and Oman. Right now, tankers are exiting with their trackers switched off to avoid Iranian attacks. Iran's counteroffer had a nuclear framework — dilute some enriched uranium, transfer the rest to a third country. Trump called it totally unacceptable. Netanyahu says the war isn't over until Iran's uranium stockpiles are gone. Nobody is close to a deal. Here's the part most coverage is skipping. This isn't an abstract Middle East story. It's a your-gas-bill story. The timeline for resolution is genuinely unclear. One analyst put it like this: the oil market is trading like a geopolitical headline machine. Every comment from Washington or Tehran moves the price. okay now you know.