Brent crude rose to $99.07/bbl and WTI to $90.25/bbl, up 0.6%, as Hormuz shipping disruptions persisted.
President Donald Trump indefinitely extended the Iran ceasefire, though Tehran’s response remained unclear, keeping regional tensions high.
U.S. crude inventories fell 4.4 million barrels in the week to April 17, far exceeding the 1 million‑barrel draw expected.
Gasoline prices in the United States have surged about 40% since the Iran war began, prompting a waiver extension for fuel shipments.