Oil climbs as Iran conflict tests supply fears, but weekly decline looms

Oil prices rose on Friday but markets were set for their first weekly decline since the Iran‑led conflict began, with Brent around $109.88 a barrel and WTI near $96. The market remains focused on potential duration of the war and disruption to global supplies (the IEA says roughly 11 million barrels per day have been removed from supply). Trump paused attacks on Iranian energy facilities and weighing ground action to seize Kharg Island, keeping fears of prolonged disruption — and a possible spike in prices if fighting intensifies — while some analysts see potential for a decline if de‑escalation occurs, keeping prices above pre-crisis levels.