Oil prices were sharply higher on Friday on signs the U.S. may resume military strikes against Iran.
Brent crude futures for January delivery jumped 1.6 percent to $112.57 a barrel and headed for another weekly gain amid Houthi attacks on Saudi infrastructure and fears that the Trump administration could resume strikes against Iran after the November 3 midterm elections.
WTI crude futures were up 1.6 percent at $103.63 a barrel amid heightened fears of supply disruptions.
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Market Analysis
Oil Prices Surge As Trump Weighs Fresh Military Action Against Iran
2026-10-30 09:51:58
