Escalating U.S.-Iran hostilities, attacks on critical infrastructure, and near-halted Hormuz tanker traffic are fueling expectations of higher oil prices.

Oil prices extended gains as escalating U.S.-Iran tensions and Iranian threats against regional energy shipping routes heightened fears of broader supply disruptions.

Oil prices rose Friday as investors weighed escalating threats between the United States and Iran.

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.