US oil cos climb as renewed strikes threaten shipments through Hormuz

• Brent crude futures LCOc1 were up 2.4% at $77.84 per barrel, while U.S. West Texas Intermediate crude CLc1 rose 2.3% to $73.03 a barrel.
• Vessel traffic through the strait fell to a five-week low on Sunday, ship-tracking data showed; six vessels transited the strait on Sunday, according to Kpler.

Fresh U.S. and Iranian strikes over the weekend fueled fears of a renewed escalation. Tehran struck U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz; Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain.

U.S. oil majors Exxon Mobil XOM.N and Chevron CVX.N each climbed 1%.

Oil and gas producers ConocoPhillips COP.N, Diamondback Energy FANG.O, Occidental Petroleum OXY.N and EOG Resources EOG.N rose between 1.4% and 2.3%.