Oil prices rise over 1% after two tankers are targeted near the Strait of Hormuz

Oil prices rose by more than 1.1% after two tankers, one Saudi and one Qatari, were targeted in missile attacks near the Strait of Hormuz, reigniting fears of disruptions in shipping and threatening global energy supplies. Brent crude surged to $72.75 per barrel, while West Texas Intermediate climbed to $69.28, amid anticipation of a possible geopolitical escalation that could push prices toward $75 before testing the $80 level.

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