Oil Rebounds 2.5% to $97 Amid Tensions

Oil prices jumped 2.5% (Brent $97.10) and 2.8% (WTI $97.09) after a 13% plunge the day before.
The rebound occurred despite ongoing Strait of Hormuz blockages and renewed Israeli strikes on Lebanon threatening the fragile US‑Iran ceasefire.
U.S. Energy Information Administration reported crude inventories rose 3.1 million barrels to 464.7 million, while distillate stocks fell 3.1 million and gasoline down 1.6 million barrels.
Analysts warn market reaction may be premature as structural supply disruptions could take months to resolve.