Baghdad: Brent crude prices rose on Friday to around $94.39 a barrel, continuing their gains amid ongoing concerns about global oil supplies. The price increase came as geopolitical tensions escalated and fears grew about the impact of regional instability, particularly on shipping and energy supplies through the Strait of Hormuz, one of the world’s most important oil transit routes.

According to National Iraqi News Agency, Brent crude recorded weekly gains exceeding 6%, as investors awaited further geopolitical developments and their implications for global oil supply levels. Live prices vary depending on the trading time and the type of Brent contract, with market data showing crude trading near $94 a barrel during today’s trading.