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Oil rises as Iran signals retaliation amid US infrastructure threat
Investors priced in higher geopolitical risk after Iran warned it would retaliate if the US targets the country's critical infrastructure.
Oil prices rose on Friday as traders weighed escalating threats between the United States and Iran, according to CNBC Markets.
CNBC World reported that the move reflected market concern over what the sides might do next after Iran signaled potential retaliation tied to the prospect of the US targeting Iran’s critical infrastructure.
The uptick suggests crude remains sensitive to shifting expectations around the geopolitical risk premium, as investors reassess the likelihood and potential severity of escalation.
Latest closeWTI crude $79.00 ▼0.8%