Oil prices rose after United States strikes on Iran, with Brent crude futures at $76.08 a barrel, up $1.92 (2.6%) at 0400 GMT, and U.S. West Texas Intermediate crude at $72.26 a barrel, up $1.82 (2.6%), according to Dawn.

A tanker was struck near the Strait of Hormuz, raising security concerns on the vital shipping route. The New York Times reported that attacks on ships in the Strait sparked a new cycle of retaliation that could throttle the flow of energy from the region.

The United States revoked the general licence authorising the sale of Iranian crude, Dawn reported. The International Energy Agency said the Iran conflict could trigger one of the largest oil supply disruptions in recent history, Bluesky reported. Daily Sabah reported that over a billion barrels of oil have disappeared since the start of the Iran war, and Al Arabiya reported that the cost of shipping a container of goods from Asia to the United States has doubled since the start of the war.

Exclusive.kz reported that the effective closure of the Strait of Hormuz four months ago triggered a global energy crisis, leading to oil prices surging, trade flows being disrupted, governments scrambling to shield consumers from rising costs, and businesses being forced to adjust to an increasingly uncertain energy landscape. The outlet also noted that the largest oil‑supply disruption in modern history accelerated the arrival of peak oil demand. Al Jazeera reported that the worst‑case oil scenario has been avoided.