The United States launched a new round of airstrikes against Iran early Monday, following reports of American troop casualties.
The escalation comes as Tehran retaliated against US military infrastructure in neighboring Gulf states, widening the geographic scope of the conflict.
Brent crude prices held firm as markets digested the latest tit-for-tat strikes.
The persistence of the risk premium reflects ongoing concerns over shipping safety in the Strait of Hormuz, where navigation remains exposed to potential disruptions.
Iranian armed forces have expanded their campaign to include attacks on US allies in the Gulf and Jordan, marking a significant shift after seven consecutive nights of US strikes on Iranian military targets.
This broadening of the conflict zone increases the likelihood of collateral damage to commercial shipping routes.
The situation follows Iran's warning that bypassing Hormuz routes would further escalate tensions.
With both sides signaling continued military activity, traders are monitoring for any direct impact on tanker movements or insurance rates in the region..