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The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
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Oil was slightly higher as traders expect a group of countries to tap emergency crude reserves to mitigate disruption caused by the war in the Middle East.
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Iran says it will "set fire" to ships trying to sail through the world's most vital oil transit point.
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The incidents mark the latest in a string of reported attacks in or near to the Strait of Hormuz, where shipping traffic has virtually ground to a halt.
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Defense Secretary Pete Hegseth says Tuesday marks the most intense U.S. bombing yet in the Iran war. The 11 days of fighting have spooked oil markets, and the Strait of Hormuz is effectively closed.
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