Brent hovers near $94 as US-Iran conflict continues to squeeze energy supply
On Friday, Brent crude oil prices approached $94 per barrel due to ongoing supply disruptions from the US-Iran conflict. The conflict has led to significant casualties and interruptions in oil and gas supplies, with both Brent and WTI benchmarks on track for a second consecutive weekly increase. The situation may further escalate as President Trump threatened retaliation against nations supporting Iran.