Conflict Timeline

Oil prices rose to six-week highs amid reported US-Iran military exchanges in the Persian Gulf and statements from US officials on potential further actions affecting regional shipping. President Trump publicly warned of strikes on Iranian infrastructure if attacks occurred in the Strait of Hormuz, while inventory data showed crude stocks building by 2.

01 million barrels per the DOE, exceeding expectations. Gasoline inventories rose per DOE figures, contrasting with API reports.