Afghanistan, Jan. 23 -- Oil prices surged Friday as renewed U.S. threats against Iran raised concerns over potential military action and disruptions to global crude supply.
Oil prices rose on Friday after U.S. President Donald Trump renewed his threats against Iran, intensifying worries about possible military action and supply disruptions.
Reuters reported that Brent crude reached $64.41 per barrel, while U.S. West Texas Intermediate crude rose to $59.69 per barrel.
This increase follows a roughly 2 percent drop in prices on Thursday, reflecting heightened volatility in global energy markets.
Trump stated that U.S. naval ships have been dispatched toward Iran, though he expressed hope that military force would not be necessary.
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