Oil prices rebound on Trump Iran “armada” warning as Kazakhstan outage drags on
Brent crude rose 1.2% to $64.82 and WTI climbed 1.3% to $60.11 early Friday after President Trump renewed threats against Iran, heightening geopolitical risk. Traders weighed supply fears from a Kazakhstan outage against rising U.S. inventories and weak demand. Oil had dropped 2% Thursday as tensions briefly eased. Chevron’s Tengiz field in Kazakhstan remains offline after a fire.