Brent July futures rose to $99.53/barrel, staying below $100, while U.S. WTI fell to $93.79/barrel, reflecting mixed market sentiment.
U.S. “defensive” strikes sank two IRGC vessels and hit missile launchers near Bandar Abbas, dampening optimism for a rapid Iran‑Hormuz peace agreement.
BP’s board removed chair Albert Manifold over governance concerns, causing its U.S.-listed shares to slip more than 4%.
Analysts expect 2‑4 weeks to clear the Gulf backlog and restore shipping patterns, with oil stocks’ resilience limiting price spikes.
