Brent crude futures climbed approximately 2% on Thursday, reversing recent gains as fresh violence near the Strait of Hormuz spooked energy markets.
The price surge followed reports that a cargo vessel was struck by an unknown projectile in waters off Oman, a development that immediately raised alarms about the safety of critical oil transit routes.
The incident forced the United Nations maritime agency to suspend its ongoing ship evacuation operations in the region.
This operational pause signals a tangible escalation in on-the-ground risks, moving the threat from diplomatic posturing to active disruption of maritime logistics.
Traders reacted swiftly to the news, repricing the supply risk premium that had begun to fade in recent sessions.
This development marks a significant shift in the regional narrative.