WTI crude oil futures jumped to a two-month high amid growing fears of a wider conflict in the Middle East. The rally follows the 11th consecutive night of U.S. strikes against Iranian military targets and retaliatory attacks by Iran on U.S. facilities in the region. Tensions were further stoked after Kuwait's air defenses intercepted Iranian drones, heightening concerns over potential disruptions to global oil supplies, particularly through the crucial Strait of Hormuz.