US-Iran Tensions Fuel Second Straight Week of Brent Crude Gains

Brent crude oil prices have risen for a second consecutive week, closing at around $94 a barrel on Friday.

The gain of approximately 6% marks a notable increase in the global energy market, driven by ongoing tensions between the US and Iran.

Treasury Secretary Scott Bessent announced that details of new measures to isolate Iran's economy would be revealed next Monday, after President Donald Trump described the initiative as an 'economic D-Day.'

The potential impact on countries trading with Tehran, including China, which is the largest buyer of Iranian crude, remains uncertain.