Brent crude prices climbed sharply on Sunday following reports of a new military escalation in the Persian Gulf.
The move comes as Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. naval logistics facilities at the Port of Duqm in Oman.
The U.S. military confirmed it had simultaneously carried out a new wave of strikes against Iranian targets, signaling a rapid intensification of hostilities in the region.
The development marks a significant widening of the conflict, moving beyond the Strait of Hormuz to include key logistical nodes in Oman.
The Port of Duqm serves as a critical support and refueling platform for U.S. aircraft carrier operations in the Arabian Sea.
Any damage to these facilities could disrupt naval supply chains and heighten risks for commercial shipping in the broader Gulf region.