US: Oil hits nearly 1-month high above $85 amid US-Iran strikes, Hormuz blockade.

***FILE FOOTAGE*** SHOTLIST RIO DE JANEIRO, BRAZIL (MARCH 25, 2026) (FILE FOOTAGE) (PART MUTE) 1. VARIOUS DRONE SHOTS OF THE 2. VARIOUS OF TRUCKS AND OIL TANKER TRUCKS OUTSIDE THE REFINERY HARRISON, TEXAS, UNITED STATES (FEB. 28, 2026) (FILE FOOTAGE) (MUTED) 3. VARIOUS DRONE SHOTS OF THE AIR LIQUIDE–EASTMAN INDUSTRIAL FACILITY AS OPERATIONS CONTINUE NEW YORK, UNITED STATES (MARCH 6, 2026) (FILE FOOTAGE) (MUTED) 4. VARIOUS DRONE SHOTS SHOWING THE PHILLIPS 66 OIL REFINERY ALMETYEVSK, TATARSTAN, RUSSIA (AUGUST 2023) (FILE FOOTAGE) 5. VARIOUS OF OIL WELLS AT TATNEFT FIELDS 6. VARIOUS OF STAFF WORKING NEAR OIL WELLS 7. VARIOUS OF OIL WELLS MUMBAI, INDIA (MARCH 12, 2026) (FILE FOOTAGE) 8. VARIOUS OF THE TANKER SHIP “SHENLONG” NEAR MUMBAI PORT OMAN (APRIL 8, 2026) 9. VARIOUS OF SHIPS ON STRAIT OF HORMUZVARIOUS LOCATIONS - 2023-2026: Oil prices climbed above $85 a barrel on Tuesday, reaching their highest level in nearly a month as US strikes on Iranian military targets and disruptions to shipping through the Strait of Hormuz heightened supply concerns. International benchmark Brent crude rose 2.4% as of 0635GMT, extending its gains since the start of the week to more than 13%. The US Central Command (CENTCOM) said its latest five-hour operation targeted military sites along Iran's southern coastline, including coastal defense systems, missile and drone facilities, and maritime capabilities. The targets were located in Bushehr, Chah Bahar, Jask, Konarak, Abu Musa, and Bandar Abbas, according to CENTCOM, which said the strikes were intended to weaken Iran's ability to attack commercial shipping. US President Donald Trump said American forces were targeting Iran's military capabilities linked to the Strait of Hormuz and reinstating a blockade on Iran and vessels doing business with Tehran. Commercial traffic through the strait has slowed to a near halt amid the renewed strikes, security warnings, and growing uncertainty over the blockade. Trump also said Washington wanted reimbursement from Gulf countries benefiting from US protection of the strait, including Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and Bahrain. The escalation has intensified concerns over potential disruptions to oil and liquefied natural gas shipments through one of the world's most important energy transit routes.