🟢 Crude Oil is trading 3.07% up today after U.S. strikes on Iran’s Larak Island

Crude Oil is trading at $85.96, +3.07% after U.S. forces struck two Iranian launchers on Larak Island near the Strait of Hormuz.

• Reported Iranian retaliation renewed supply-disruption fears through a critical oil-shipping route as Strait of Hormuz tensions lifted global oil-market risk premiums.
• Reuters reported Brent above $90 and WTI up more than 2% during August 31 trading, confirming a strong geopolitical risk premium.
• Futures activity is elevated as traders monitor further retaliation and shipping risks.