Brent July futures fell 0.5% to $113.93/bbl and WTI dropped 1.2% to $105.05/bbl in Asian trade.
Previous session saw Brent surge over 4% and WTI rise about 6% amid intensified US‑Iran clashes in the Strait of Hormuz.
Iranian strikes hit UAE infrastructure, including Fujairah oil terminal, while US launched “Project Freedom” to escort vessels through the strait.
Market sentiment remains fragile as renewed military exchanges raise fears of prolonged supply disruptions.