WTI crude oil rose almost 3% to $59.40 per barrel on Friday, its biggest gain since October, as geopolitical tensions pushed traders to price in possible supply disruptions. civil unrest in Iran intensified and President Trump warned of consequences if protesters are harmed, highlighting the risk that turmoil in a major oil producer could limit exports or disrupt shipments. This escalation drew market attention away from earlier pressure on prices and underscored how uncertainty over Middle Eastern supply can quickly lift oil. The protests have disrupted travel and raised concerns about output from Iran, which produces over 3 million barrels a day. Meanwhile, tensions in Venezuela eased after Trump canceled planned attacks, citing better cooperation. Oil prices are set for a third weekly rise, but a global surplus this year may limit gains in the coming months.
