Doha, Qatar: Oil prices rose on Friday and notched weekly gains, reflecting scepticism about prospects for a ceasefire in the month-old war in Iran. Brent crude futures settled at $112.57, and US West Texas Intermediate crude (WTI) finished at $99.64. For the week, Brent rose 0.3%, while WTI gained»»»

Oil prices rose on Friday and notched weekly gains, reflecting scepticism about prospects for a ceasefire in the month-old war in Iran. Brent crude futures settled at $112.57, and USWest Texas Intermediate crude (WTI) finished at $99.64. For the week, Brent rose 0.3 percent, while WTI gained 1.3 pe»»»

The United States on Friday destroyed military targets on Iran's main oil hub of Kharg Island, President Donald Trump said, threatening to strike its oil infrastructure if Iran continues attacks that have halted most ship traffic in the Strait of Hormuz. The island serves as the export terminal for»»»