In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption to shipping via one of the world's most critical oil route.  International benchmark  Brent  crude futures for July delivery rose 2.26% to $102.32 per barrel. U.S.  West Texas Intermediate  futures for June delivery added 2.06% $96.76. Washington and Tehran accused each other of initiating attacks in the Strait of Hormuz, further straining a ceasefire agreement already weakened by repeated allegations of violations. The flare-up came as Iran is reportedly  reviewing a U.S. proposal  to end the war. U.S.…