The United States military has initiated its 10th consecutive night of airstrikes against Iran, intensifying a campaign aimed at reopening the Strait of Hormuz.
The strikes follow the death of an American service member, marking a significant escalation in the ongoing conflict.
Simultaneously, Houthi allies have issued fresh threats against shipping in the Red Sea, compounding the security risks for global energy transit routes.
Brent crude prices faced renewed upward pressure as traders assessed the widening scope of the military engagement.
The persistence of the airstrikes, now spanning over a week, has kept supply disruption fears alive, preventing the market from fully discounting the geopolitical risk.
Energy equities also saw volatility as investors weighed the potential for prolonged instability in the Persian Gulf region.