Brent crude rebounded on Monday following U.S. strikes against Iranian forces in the Strait of Hormuz. Concretely, the price of the international benchmark rose by 2.97% at 8:59 a.m. ET on Tuesday, clocking in at $96.20.
The incident took place on Monday, with the U.S. Central Command saying it targeted Iranian forces to protect its troops, but emphasized the ceasefire is still in place.