India, June 20 -- Oil prices were mixed on Friday but still headed for a third consecutive weekly rise on lingering worries that an escalating Israel-Iran conflict may touch upon oil infrastructure.
Iran has in the past threatened to close the Strait of Hormuz to traffic in retaliation for Western pressure and such a move could restrict trade and affect global oil prices, analysts say.
The Strait of Hormuz is a key shipping lane through which an estimated fifth of global oil supply flows.
Brent crude futures fell over 2 percent to $77.23 per barrel but still headed for a strong weekly gain of 4 percent.
WTI crude futures, which didn't settle on Thursday due to a federal holiday, were up 0.6 percent at $73.96.
As the Israel-Iran conflic...