Oil prices climb toward largest weekly gain since July
Crude oil markets rally as escalating military tensions between the US and Iran raise fears of potential supply disruptions in the Middle East.
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Oil heads for biggest weekly gain since July as Middle East tensions flare
Oil prices climbed on Friday, nearing their largest weekly gain since mid-July. Escalating US-Iran tensions raised concerns over potential crude supply disruptions from the Middle East. Fierce clashes between Washington and Tehran have intensified, impacting energy infrastructure worries. Meanwhile, Russian President Putin suggested a path to ending the Ukraine war. Both US and China reportedly support a potential peace settlement.
By TRISHA MAHAJAN
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