Oil Hits $103+ as Hormuz Disrupts

Brent crude rose 1.9% to $103.82 per barrel, while WTI gained 2.0% to $94.83 amid Hormuz tensions.
Iran attacked three vessels, seized two in the Strait of Hormuz, citing retaliation for the U.S. naval blockade.
U.S. oil exports reached a record 12.88 million barrels per day, while gasoline inventories fell 4.6 million barrels, contrary to forecasts.
The Hormuz closure threatens roughly 20% of global oil supply, risking Asian and Middle‑East economies and broader growth.