WTI crude oil futures narrowed their intraday gains to 1%, giving back the gains since Iran claimed "hit a US military ship".

International oil prices continue to fall, almost completely erasing all gains since news of Iran's missile strike against US warships broke out. As of now, WTI crude oil futures price rose by 1.1% to $103.03 per barrel; Brent crude oil futures price rose by 2.4% to $110.78 per barrel.