New Delhi, April 12 -- Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran's oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program.

Brent crude futures settled at $64.76 a barrel, up $1.43, or 2.26%. U.S. West Texas Intermediate crude finished at $61.50 a barrel, up $1.43 or 2.38%. Wright's comments provided upward momentum for oil prices, following volatile price swings this week as U.S. President Donald Trump's new tariff regime forced traders to reassess the geopolitical risks facing the crude market.

China announced on Friday it will impose a 125% tariff on U.S. goods starting on Saturday, up f...