Crude pared earlier gains in late trading after the US president said Washington would offer insurance and, if needed, naval escorts, to help keep tanker traffic moving through the Strait of Hormuz.

A report says Iran’s Assembly of Experts picked Mojtaba Khamenei as supreme leader after Ali Khamenei’s death, raising fresh questions over succession

Thunderstorms with strong winds, lightning and possible hail are forecast in parts of upper Thailand over the next 24 hours, while the lower South may see isolated storms and rougher seas in thunderstorm areas.