Oil prices, US gasoline futures, energy shares and the United States Oil Fund rose as traders assessed tightening Middle East supplies, Libyan disruptions and Strait of Hormuz risks. WTI approached $106, a four-month high, Brent exceeded $108 and US gasoline futures topped $3.45 a gallon. Shell shares reached a new 52-week high as crude rose 4.3% to $105.75, while Shell agreed to sell its RISEC interests for $715 million and acquire Hunlock Creek Generating, subject to regulatory approval. USO gained 3.72% to $162.49, and the Energy Select Sector SPDR Fund rose 2.25%. Saudi Arabia’s East-West pipeline remained closed after attacks attributed to Iran-backed Houthi rebels, Aramco deferred or canceled September cargoes for European refiners, and the Strait of Hormuz remained under blockade. A wider gasoline crack spread, near-full refinery operations and delayed maintenance underscored refined-product supply risks. The Panama-flagged El Gaia tanker was attacked, leaving 23 crew members rescued and two missing, although Iranian and US accounts conflicted. Higher energy prices and weak UK employment data pressured the FTSE 100, while Petrobras gained more than 1% and Brazil’s Ibovespa moved toward 186,000 ahead of central-bank decisions.