WTI Crude Opens 0.8% Higher in Asia on Iran Strike Reports, Gulf Storm

Two unrelated supply-side headlines landing at the same open is doing the work here, not any change in underlying demand — which is why a move this size reads more as headline risk being repriced than as a shift in the curve. The read-through matters most for anyone holding energy-cost exposure into the US session, where the storm's actual impact on Gulf output and the credibility of the Iran reports will be tested. Whether the early bid survives once those details firm up is the open question.