Oil prices climbed on Friday as escalating tensions between the US and Iran disrupted Gulf operations, with the Strait of Hormuz facing reduced oil flows due to a broken truce.Brent crude futures rose 7 cents to $84.30 per barrel, while US West Texas Intermediate (WTI) gained 16 cents to $79.11 per barrel.Analysts warn that the potential closure of the Red Sea as a supply route could further strain global oil markets.

The US launched intensified air strikes against Iran, marking the sixth consecutive night of attacks, while Iran threatened to block the Red Sea route if US strikes targeted its infrastructure.Qatar's defense forces reportedly intercepted an Iranian missile, highlighting the regional instability.International Energy Agency chief Fatih Birol expressed concerns about the situation worsening, urging immediate de-escalation.The conflict has raised fears of a broader regional crisis, with both nations escalating military actions and threatening critical shipping lanes.Market experts note that geopolitical risks are embedded in oil prices, with benchmarks poised for continued gains amid uncertainty.