Trump Calls US-Iran Strike A 'Love Tap' As Fire Exchanged Near Strait Of Hormuz; Brent Climbs Above $102

President Trump downplayed the confrontation between U.S. and Iranian forces near the Strait of Hormuz as a "love tap," suggesting a de-escalation of tensions. Oil prices surged, with WTI crude rising and Brent crude climbing, impacting the energy market. The U.S. proposed a framework to end the conflict, but Iran is reviewing it, and the possibility of stronger U.S. action remains.