US-Iran Tensions Weigh on Oil Prices Amid Saudi Export Relief

Global oil prices remained stable on Friday as traders assessed the risk of renewed tensions between the United States and Iran. The US is reportedly considering sending another aircraft carrier and thousands of additional troops to the Middle East, with President Donald Trump weighing the possibility of renewed strikes against Iran following the US midterm elections.

The market activity was cautious as traders considered conflicting developments affecting global supply. Improving Saudi oil exports provided some relief, while reports of additional US military deployments to the Gulf raised concerns about possible disruptions.

China has suspended oil product exports for October as Beijing seeks to strengthen domestic fuel reserves. This move supported oil prices in the previous session by raising concerns over tighter supplies in international markets.