Geopolitical tensions in the Middle East caused a 1% rise in oil prices on Friday, with concerns over potential supply disruptions. Brent crude settled at $90.45 a barrel, and U.S. West Texas Intermediate crude rose to $85.66. The market focused on potential retaliation from Iran after a suspected Israeli warplane attack on Iran's embassy in Damascus. While the U.S. expects an attack on Israel, Iranian sources suggest a response to avoid major escalation. Analysts warn of possible supply chain issues and price hikes if the situation escalates further. Read The Rest at :
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