Oil surged 2.8% to $72.39 per barrel in early Asian tradezing amid fresh supply‑disruption concerns.

The U.S. targeted Iranian coastal sites, blocking legal oil sales after Tehran’s attacks on vessels near the Strait of Hormuz, a vital artery for global shipping.

ANZ Research analysts warn that shipping firms now hesitate to deploy vessels in the Persian Gulf, adding volatility to freight rates and port operations.

Market participants watch U.S. sanctions and Iranian naval actions closely; the price rise pressures energy producers and could prompt adjustments in hedging strategies for oil‑heavy portfolios.