Oil futures climbed early Asian trading as fears of a prolonged Strait of Hormuz shutdown intensified. Front‑month WTI futures rose 0.3% to $105.36 while Brent climbed 1.0% to $111.51.

Amid the U.S.–Iran standoff, Brent for June slipped 3.4% to $114.01, approaching the July contract at $110.40. European Union data showed a modest 0.1% GDP uptick, adding pressure to the benchmark.

Boss Energy’s updated approach to its Honeymoon uranium mine drew attention, yet Citi analyst Tom Wallington remains cautious, citing a need for more technical clarity before a share re‑rating. The stock closed at A$1.39 against a target of A$1.60.

Market participants will watch for any escalation in the Middle East and further EU economic releases, as these factors could swing oil prices and impact downstream energy equities.