Crude oil benchmarks observed a price increase earlier today, with Brent crude reaching $106.37 per barrel and West Texas Intermediate (WTI) trading at $94.72 per barrel.
This market shift coincided with statements from Iranian officials, who informed Reuters of their nation's intent to intensify attacks on tankers navigating the Strait of Hormuz. These officials indicated that such operations would involve the deployment of new tactical approaches.
Separately, Israeli media outlets reported that Benjamin Netanyahu had previously urged Donald Trump to recommence bombing operations against Iran.
OilPrice.com reported these developments, citing Reuters for the Iranian official's comments and Israeli media for the details regarding Netanyahu's alleged request.