Oil Prices Jump 3% After Ship Strike

Oil prices surged in pre‑market U.S. trade, with Brent July futures up 3.3% to $111.79/barrel and WTI up 2.9% to $104.87/barrel.
Rally followed Iranian reports of two missiles hitting a U.S. warship in the Strait of Hormuz, denied by a senior U.S. official.
Trump announced U.S. plans to guide stranded vessels through Hormuz, with support from destroyers, over 100 aircraft and 15,000 service members.
OPEC+ pledged to raise output by 188,000 bpd in June, while Ukraine’s drone strikes on Russia’s Primorsk port heightened supply‑risk concerns.