U.S.-Iran Renewed Clash in Hormuz, Brent Closes at $101.73, DXY Weakens to 97.91

Three U.S. Navy destroyers were struck while transiting Hormuz, prompting U.S. forces to sink six Iranian small vessels threatening civilian shipping. UAE air defenses intercepted 15 missiles and four drones. Brent closed at $101.73 per barrel (+1.66%) on May 8, after reaching intraday highs of $108.80 and lows of $96.80, showing high volatility. DXY fell 0.16% to 97.91, returning to pre-war levels. Approximately 2,000 vessels and 20,000 crew members remain stranded in the strait per IMO count.