Brent Crude Tops $101 After Iran Attacks

Brent futures rose 3.4% to $101.82 per barrel as Iranian Revolutionary Guard attacks on vessels in Strait of Hormuz heightened tensions.
U.S. West Texas Intermediate climbed 3.7% to $93.01 per barrel, while the U.S. naval blockade kept about 20% of global oil flow constrained.
U.S. API reported a 4.4‑million‑barrel crude draw for week to Apr 17, but EIA showed inventories rose 1.9 million barrels, opposite expectations.
Trump extended the cease‑fire with Iran and kept the blockade, claiming Iran loses $500 million daily, boosting risk sentiment but little impact on oil stocks.