Oil Edges Lower After Netanyahu Hints Iran Conflict Could End Early
Oil prices pulled back on Friday after Netanyahu suggested the Iran war could end sooner than expected, easing some supply fears after a volatile session of attacks on energy infrastructure. WTI hovered around $92.6 and Brent near $105 after Brent briefly surged above $119. Markets priced in a shorter campaign and potential help from a Strategic Petroleum Reserve release, with talks of easing sanctions on Iranian oil to ease the crunch, while supply disruptions in the Middle East keep prices elevated.