Oil prices jump 4% after U.S. strikes on Iran raise fears of supply disruption
1. Oil futures rose over 2% post U.S. attacks on Iran. 2. Iran's potential closing of the Strait of Hormuz threatens oil supply. 3. Iran currently exports 1.84 million bpd, mainly to China. 4. Regional tensions raise concerns over stability in global oil supply. 5. Saudi Arabia is monitoring the conflict but limits involvement.