Brent crude rose 3.4% to $101.82 per barrel, WTI up 3.7% to $93.01, amid Iranian ship attacks and US blockade.
Iran’s Revolutionary Guard seized MSC Francesca and Epaminondas in Strait of Hormuz, claiming lack of permits, heightening supply concerns.
US API reported a 4.4‑million‑barrel draw, while EIA showed a 1.9‑million‑barrel build, inventories 3% above five‑year average.
President Trump extended the Iran cease‑fire, kept the naval blockade, and said Iran loses $500 million daily, boosting market risk sentiment.