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Brent crude near $94 as US-Iran tensions tighten global oil supply

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Oil prices remained stable on Friday, with Brent crude approaching $94 per barrel due to supply disruptions linked to the US-Iran conflict. Both Brent and WTI benchmarks are on track to record a second straight week of gains. The ongoing conflict has led to considerable casualties and disruptions to oil and gas supplies in the region. President Trump has threatened retaliatory action against countries that support Iran, adding further uncertainty to global energy markets.

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Brent crude near $94 as US-Iran tensions tighten global oil supply · ShortSingh