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.
Where: Iran, China, Washington, Ukraine
Exact coordinates
iran: 32.430, 53.690
china: 35.860, 104.200
washington: 38.910, -77.040
ukraine: 48.380, 31.170
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