Brent Crude Hits Six-Month High on US-Iran Tensions

Brent crude oil prices hit a six-month high of $116.72 a barrel on Friday, rising 3.1 percent, amid fears the US could resume strikes on Iran soon and disrupt global energy supplies. US West Texas Intermediate crude gained 3.8 percent to close at $103.27 a barrel. President Donald Trump said Washington was not negotiating with Iran and that something would happen "fairly soon," though he later denied knowledge of a strike this weekend. Iran's army chief said its military was prepared for "asymmetric warfare." Attacks on Saudi oil infrastructure, including a drone strike on the Shaybah oil field, have also raised supply concerns, prompting the US to order non-essential personnel to leave Saudi Arabia.