- Brent crude rose 57 cents to $96.20 per barrel after briefly breaking above $97, while WTI gained 85 cents to $91.86. Oil prices are up more than 7% this week.
- Kuwait intercepted Iranian missiles and drones, and the country’s armed forces described the attacks as ongoing Iranian aggression. The strikes target U.S. Gulf allies amid efforts to protect shipping through the Strait of Hormuz.
- The European diesel premium over crude topped $100 per barrel for the first time, signaling severe downstream fuel-market stress beyond the headline crude move.
- Exxon recently raised its dividend, but its payout case remains sensitive to a renewed oil-price decline, according to a Yahoo Finance analysis.
Quotes
“I don't think it will be very much longer”
“more 17 million barrels of oil transited Hormuz on Monday”