Oil Prices Climb Near Six-Month High as Trump Weighs Military Options Against Iran
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TLDR Brent crude rose about 2% to $117.19 a barrel on Friday, its highest level since late April. U.S. officials briefed President Trump on military options for Iran, and strikes could follow the November 3 midterms. A tanker was attacked in the Strait of Hormuz, and Houthi forces claimed new strikes on Saudi energy sites. U.S. crude inventories fell by 1.9 million barrels, against forecasts of a small rise. Seven OPEC+ producers meet Sunday to review market conditions and production policy. Oil prices rose to near six-month highs on Friday as the chance of new U.S. military action against Iran weighed on hopes for a diplomatic deal. Brent crude futures gained about 2.1% to $117.19 per barrel by 09:45 GMT. West Texas Intermediate (WTI) rose 1.8% to $103.88.
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