The US-Iran talks that were supposed to reach a consensus in Islamabad, Pakistan, ended up at an impasse. This development led to the oil prices hitting a new peak of $105 again, as war fears continue to grip the global market. Moreover, the oil panic fears have now started to become chaotic, with Google searches concerning oil prices now doubled since 2008.
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Oil Price Hits $105: More To Come?
The US-Iran War continues to engulf the world of oil in its fire. As both nations were unable to make peace, the war fears have once again started to erupt and consume the oil sector once again. The initial market reaction of this “impasse” has led the oil price to spike to $105 as of now.
Per the latest post by the Kobeissi letter, the US is now once again considering starting “limited” strikes at Iran. Citing the WSJ, the portal shared how the US may start striking key areas of Iran again, resuming a full-fledged bombing campaign. The platform later shared how Trump may also seek a temporary blockade and pressure allies to take responsibility for prolonged military escort through the Strait of Hormuz. Such developments are also pressuring the oil domain.
“President Trump is looking at resuming ‘limited military strikes’ in Iran in addition to the US blockade of the Strait of Hormuz,” per WSJ. Details include. Trump could also resume a full-fledged bombing campaign, though officials said that was less likely. Donald Trump could also seek a temporary blockade while he “pressures allies” to take responsibility for a prolonged military escort through the Strait of Hormuz in the future. Trump “remains open” to a diplomatic solution, aides said, even as he promised the blockade and threatened again to target Iran’s infrastructure. I would hate to do it, but it’s their water, their desalinization plants, and their electric-generating plants, which are very easy to hit,” Trump said.”
Oil Price Search On Google Hits Record Highs
According to the KL post, such striking elements started to show effect with Google oil price searches hitting new highs amid the pressure. Per the post. The present search levels now exceed the 2022 and 2008 levels, peaking by nearly 300%.
“The entire world is watching oil. Google search interest for “price of oil” spiked to its highest level on record in data going back to 2004. This exceeds the 2022 Russia-Ukraine war and 2008 financial crisis peaks by +300%. This is also +235% higher than the 2020 pandemic surge when oil prices briefly went negative. Similarly, search interest for “Strait of Hormuz” soared to an all-time high. This surpasses June 2025 levels by 300%, when the 12-day war between Israel and Iran raised fears about a Hormuz closure. The global energy crisis is in the spotlight.”
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