Oil prices rise amid reports of Iranian missile strike on U.S. warship near Strait of Hormuz

Oil prices increased on Monday following reports that two Iranian missiles struck a U.S. Navy ship near the Strait of Hormuz. Iran's Fars News Agency claimed the U.S. ship violated security protocols and ignored warnings before the attack. This incident raises tensions in a critical oil transit route, potentially impacting global oil supply and prices. Investors remain cautious as the situation could escalate further.