Oil is up about 3% in the international market this morning.

At 8:49 am (Brasilia time) this Monday (4), the June contract of WTI crude oil showed a significant increase of 2.97% in New York Mercantile Exchange (Nymex), quoted at US$104.97/barrel. The July contract for the Brent It advanced 3.24% in Intercontinental Exchange (ICE), trading at US$111.67/barrel. 

On the previous day (1st), WTI fell 2.98%, to US$ 101.94/barrel, and Brent retreated 2.02%, to US$ 108.17/barrel.

This morning, fuel prices were being driven up after the Iran to announce that it hit a warship of United States and forced the vessel to return from its entry into Strait of HormuzThe Central Command The United States denies the attack.

The Iranian army warned US troops not to enter the route, stating that any threat would be "responded to harshly." 

Despite the actions of the US president, Donald TrumpInstead of prioritizing peace negotiations, Iran wants to postpone talks on its nuclear program until after the conflict, focusing only on lifting shipping restrictions. Persian Gulf.

However, fuel gains were limited by the market reaction to the new increase in the production quota. Organization of the Petroleum Exporting Countries and allies (OPEC+), who agreed to expand by 188 thousand barrels per day (bpd) in the month of June. 

This is the third consecutive monthly increase in the cartel's production, and the same increase agreed upon for May. 

This text was translated by machine from Brazilian Portuguese.