Brent crude closed on Friday at $105.33 a barrel, accumulating a gain of nearly ten dollars from the start of the week, in a market dominated by uncertainty over the US-Iran conflict and the prolonged closure of the Strait of Hormuz. The European benchmark crude touched $107.40 on Thursday — its weekly peak — before moderating its advance.

Earlier, U.S. President Donald Trump said he would indefinitely extend the ceasefire with Iran, hours before it was due to expire.

Brent crude closed on Friday at $105.33 a barrel, accumulating a gain of nearly ten dollars from the start of the week, in a market dominated by uncertainty over the US-Iran…