WTI crude futures jumped over 2% as escalating geopolitical risks in the Middle East fueled fears of significant supply disruptions. Recent attacks targeting Saudi Arabian oil infrastructure and increased security threats to commercial shipping in the Strait of Hormuz have prompted investors to price in a heightened risk premium. Adding to the upward pressure, recent data revealed a larger-than-expected draw in U.S. crude inventories, indicating a tightening domestic supply balance.