Oil climbed above $92 a barrel on Tuesday, reaching a three-month high as Iran said its agreement with Oman to manage shipping through the Strait of Hormuz was nearing completion. The proposed arrangement has heightened concern that Tehran could gain greater influence over a vital energy transit route as the United States and Iran intensify attacks on tankers, ships and military vessels around the strait. WTI gained nearly 10% last week, while Brent rose roughly 8%, amid fears that the conflict could disrupt Middle Eastern supplies. Oil and refined products continue to move through Hormuz, though reported daily volumes have varied, with a recent estimate of roughly 7 million barrels versus U.S. Energy Secretary Chris Wright's estimate of about 8 million barrels last week. Saudi Aramco's Jazan facilities near the Red Sea were attacked again on Monday, with limited damage reported.