Oil prices rise on Iran strike fears but post worst week since 2020

au.investing.com —

Crude oil prices rose on Friday, November 6, 2026, driven by investor concerns over potential renewed US military attacks on Iran, according to a Reuters report. Despite the daily gain, Brent crude posted its worst weekly performance since April 2020, as post-midterm election hopes for a diplomatic detente with Iran weighed on prices throughout the week. The conflicting signals highlight market volatility, with geopolitical risk premiums clashing against expectations for increased Iranian oil supply should negotiations progress.


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