Euro Eases from Seven-Week High as Oil Prices Remain Volatile

The euro slipped to around $1.152 on Friday, pulling back from its seven-week high of $1.155 reached on Wednesday.

Investors are closely watching oil prices, which remain lower for the week but have extended their gains over the past two sessions due to renewed supply concerns.

Rising energy costs may keep inflation elevated, with Iran and Oman reportedly working on an agreement to establish transit routes through the Strait of Hormuz.

However, no deal has been announced yet, and concerns intensified after Iran published a restrictive draft plan that could limit access for US and Israeli vessels.