Strait of Hormuz

Qeshm Island strikes: US defensive strikes hit Iranian targets near the Strait of Hormuz as explosions were reported on Qeshm Island on Monday.

Brent crude fell 1.40 percent to $111.84 and WTI fell 1.50 percent to $102.56 as Iran-Qatar talks raised hopes of progress on ending the war.

Iran undersea cables threat to Gulf internet lines is detailed in new plans. Tehran told Reuters it could hit seven cables under the Strait of Hormuz.

Iran's army spokesman warned the US must leave the Middle East or be expelled, linking the Strait of Hormuz reopening to a troop exit. Oil prices surged.