U.S. futures are falling as American forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month

U.S.-Iran tensions escalated near the Strait of Hormuz as Iran retaliated for U.S. strikes on Larak Island, pushing Brent crude above $89.

Oil prices climbed more than 2% after renewed U.S.-Iran fighting raised fresh fears of disruption to shipping and crude exports through the Strait of Hormuz.