New york: Oil prices rose Friday as investors weighed escalating tensions between the U.S. and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike the country’s key facilities.

According to Iraqi News Agency, international benchmark Brent crude futures with September delivery advanced 0.7% to trade at $84.79 per barrel, paring gains from earlier in the session. Meanwhile, U.S. West Texas Intermediate futures with August delivery gained 1.1% to trade at $79.78, having settled at its highest level since June 15 on Thursday. Both oil contracts are up more than 11% so far this week and on track for their best weekly performance since late April.

U.S. Central Command announced overnight that it had completed its sixth consecutive night of strikes against Iran, targeting dozens of military sites, including logistics infrastructure and maritime capabilities. In a social media post, Centcom stated that over 50,000 service members were operating across the Middle East, emphasizing that they ‘remain vigilant, lethal, and ready.’

The escalating standoff comes as the fragile truce reached last month has fractured, once again disrupting energy flows through the strategically vital Strait of Hormuz, which typically handles around 20% of the world’s oil traffic.