Brent crude futures rose 1.1% to $106.27 per barrel, while WTI climbed 1% to $96.83, up 15‑18% weekly.
President Donald Trump said he is in no rush to end the U.S.-Iran conflict, ruling out nuclear weapons and a quick deal.
Tensions persist over the Strait of Hormuz, supplying ~20% of global oil, as Iran attacks ships and the U.S. keeps its blockade.
Israel and Lebanon agreed to a three‑week ceasefire extension, offering limited market relief amid ongoing U.S.-Iran tensions.