However, a record amount of crude oil on water, estimated around at 1.35 billion barrels, could limit the next leg of oil price increases, Kpler analysts said in a note.
The collapse of a U.S.-Iran truce has reignited concerns over energy supplies moving through the Strait of Hormuz. Before the Iran war, about 20% of global oil supplies flowed through the waterway. Iran has also pressed the Houthis to close the Red Sea route if the U.S. attacks Iranian power infrastructure.
Four vessels made the transit through the Strait of Hormuz on Sunday, down from eight the previous day, LSEG data showed. At least three oil products tankers and one very large crude carrier have entered the strait since Friday to load oil, the data showed. Oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces, according to satellite analysis and sources.
Greek shipping company Dynacom Tankers said two of its managed vessels were hit by projectiles of unknown origin on Monday while sailing off the coast of Oman.
Meanwhile, Iran's Revolutionary Guards said two oil tankers "exploded" and were immobilised after attempting to take what it called an unsafe southern route through the Strait of Hormuz. On Sunday, the Guards also pointed to two ships involved in an "accident" in the same area.
It was unclear if the two incidents were related or whether they were connected to attacks on the Dynacom vessels.
"The supply narrative has become more bearish. The anticipated recovery in shipping has effectively stalled, with Strait of Hormuz transit volumes falling to single digits," ANZ analysts said in a note.
Gulf countries boosted crude oil and condensate exports in the first half of July to their highest since before the Iran war began in late February, shipping data showed, though flows through the Strait of Hormuz are slowing as fighting escalates.
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