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Oil futures rose in early trade amid the widening Middle East conflict that could lead to supply disruptions.

The discount for U.S. crude futures versus Brent on Wednesday hit ​the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply ‌in the U.S. set the stage for a jump in oil exports.

Returning to business as usual in the global oil market might now take months — not weeks — to achieve, according to TS Lombard.

DXY holds firm as Fed signals higher-for-longer rates, with rising yields and hot PPI reinforcing dollar strength while equities struggle under pressure.

Saudi Aramco and other producers in the region evacuated staff amid Iranian strikes.