Brent July futures rose 1% to $111.50 per barrel, while WTI June climbed 0.5% to $105.57 per barrel.
Prices surged amid heightened U.S.-Iran tensions, with President Trump signaling a continued naval blockade and possible military actions.
Iran vowed to keep Hormuz closed; shipping data shows little improvement in flows through the channel supplying ~20% of global oil.
Brent’s June contract expired after reaching a four‑year high above $126 per barrel earlier in the week.