Brent Climbs Above $100 Amid U.S.–Iran War Spilling Into Red Sea, Refiner Shares Surpass Analyst Targets

Oil prices slipped on Friday following a turbulent week, with Brent crude dropping close to 4% to finish at $96.78 per barrel. This move came after Reuters reported, referencing three sources, that Pakistan seeks to mediate renewed U.S.–Iran negotiations supported by China. U.S. West Texas Intermediate fell 3% to $89.31. Despite Friday’s declines, WTI advanced around 8% over the week, while Brent surged nearly 10%. Markets remain shut for the weekend. CNBC + 2