Brent June futures rose 0.4% to $110.20 per barrel, while WTI climbed 0.8% to $113.32 per barrel.
Prices extended gains for a third straight session as concerns grew over potential Strait of Hormuz disruption ahead of Trump’s firm deadline.
Iran rejected a U.S.-backed 45‑day ceasefire proposal, demanding permanent peace, sanctions removal and compensation, while Trump warned of strikes.
OPEC+ modest production increase is viewed as insufficient to offset possible supply losses from Hormuz disruptions, keeping risk premiums high.