Oil rallies and markets trim gains as Trump rejects Hormuz deal reports and US renews attacks | The National

Oil Prices Jump After U.S. Strikes Iranian Missile Sites | OilPrice.com

U.S. strikes on Iranian missile sites near the Strait of Hormuz sent Brent to $98.39/barrel (+2.34%), reversing Monday's 7% drop on deal hopes. Hormuz reopening is weeks away at best; energy cost volatility remains a live budget and logistics risk.