The rally extends across the energy complex, marking a fourth straight day of gains for petroleum futures. Brent crude for September delivery rose $2.81 to reach $93.82 per barrel, while refined products saw more measured growth. August ULSD futures edged up 2.27 cents to $4.1493 per gallon, and RBOB futures for the same month gained 3.36 cents to settle at $3.4395 per gallon.

President Trump signaled a strategy of targeted retaliation, threatening strikes against Iranian power plants and bridges in response to ongoing disruptions near the Strait of Hormuz. This hardline stance is mirrored in diplomatic circles; Secretary of State Marco Rubio dismissed the prospect of immediate de-escalation, describing Iranian leadership as unserious regarding potential negotiations. Meanwhile, the strategic landscape has grown more complex as Houthi forces in Yemen employ drones and missiles against Red Sea shipping, further threatening global supply chains.

These geopolitical pressures have effectively neutralized bearish data from the Energy Information Administration. Despite recent reports confirming builds in U.S. commercial crude, gasoline, and diesel stocks, the market remains fixated on the escalating confrontation rather than domestic supply surpluses.