Oil prices are heading for a second consecutive weekly gain as escalating U.S. pressure on Iran and continuing supply risks strengthen the bullish case for crude.

Oil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent rose 2.39% to $93.81, while WTI gained…

Oil prices rise for a second week due to US-Iran tensions. Oil reaching a new all-time high by December 31 at 13.5% YES.