Rome:Brent crude prices advanced on Friday, climbing above $117 per barrel, as fears of potential renewed strikes on Iran heightened concerns in global markets.

According to Iraqi News Agency, the increase in Brent crude prices is fueled by apprehensions regarding possible military actions against Iran, which could exacerbate regional tensions and impact oil supply.

These developments have placed global energy markets on edge, with stakeholders closely monitoring the situation due to the potential implications for oil availability and pricing.