Brent crude rose 3.4% to $105.35 per barrel and WTI to $96.33 as Strait of Hormuz tensions escalated.
US President Donald Trump ordered the navy to intensify mine‑sweeping and “shoot and kill” any boat laying mines in the strait.
US oil exports hit a record 12.88 million barrels per day, while gasoline inventories fell 4.6 million barrels and distillate stocks dropped 3.4 million barrels.
Iran’s parliament speaker Mohammad Bagher Ghalibaf resigned from the negotiating team, and Iran seized two of three ships attacked in the strait.