Brent crude futures climbed $2.34, or 3.08%, to $78.35 by 2311 GMT, while U.S. West Texas Intermediate crude rose $2.21, or 3.09%, to $73.62 a barrel.
Over the weekend, Tehran extended strikes on Qatar and the United Arab Emirates while the U.S. launched further strikes on Iran, the latest in a cycle of attacks and counter-attacks over shipping through the strait.
U.S. President Donald Trump said on Sunday (July 12) that the Strait of Hormuz is open to commercial traffic, although Iran declared earlier that it closed the strait after a vessel travelled on an unapproved route and was struck.
Posted by: Alma Angeles/NET25 News
