Bit.. news: Due to attacks in Saudi Arabia and the resumption of Iran’s blockade, oil prices surged on Monday to the highest level in a month. Brent crude rose by about 9.6%, closing at about $83 per barrel, while WTI crude rose by about 9.4%, closing at about $78 per barrel—both posting the biggest single-day dollar gain in months. The market is pricing in the risk of ongoing disruptions in the Strait of Hormuz, rather than short-term fluctuations. As the U.S. Department of Defense said it had carried out a new round of strikes against Iran, market sentiment has been further boosted. Trump confirmed that the U.S. will restore its maritime blockade of Iran and said it will charge a 20% security fee on all cargo transiting through the strait.