Brent fell 2.2% to $107.39/bbl and WTI slipped 0.2% to $112.28/bbl after Pakistan requested a two‑week extension of the Hormuz deadline.
Iran warned it could target Saudi Aramco facilities, Yanbu plant and Fujairah pipeline if the U.S. attacks, raising regional tension.
UN Security Council resolution on Hormuz safety was vetoed by China and Russia, while Bahrain, Kuwait and others backed it.
U.S. EIA noted Brent recorded its largest quarterly price rise in Q1 2026 on an inflation‑adjusted basis since 1988.