Oil rises in early trade amid escalating concerns over supply disruptions in the Middle East. The U.S. struck multiple bridges in Iran on Thursday in a bid to cut off supply routes to a port city and naval base in the Strait of Hormuz, according to a senior U.S. official. The strait is a key waterway through which one-fifth of the world's oil is transported.

Iran has responded by striking U.S. infrastructure in the region and its Gulf allies, heightening fears of a broader conflict that could further constrain global energy supplies. Market participants are closely monitoring the situation for any signs of escalation that could affect shipping lanes.

Front-month WTI crude oil futures are 0.85% higher at $79.62 per barrel, reflecting the geopolitical risk premium. The price movement underscores the sensitivity of oil markets to Middle East tensions.