Oil prices inched down on Friday and were headed for a second weekly decline as a continued US blockade of Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk. Brent futures fell 28 cents, or 0.29%, to $95.54 a barrel at 0527 GMT. US West Texas Intermediate (WTI) futures declined by 56 cents, or 0.63%, to $88.18 a barrel.
The U.S. military carried out another round of strikes in Iran on Friday, according to reports published on November 7. KCRA reported that President Donald Trump said the strikes targeted an Iranian air defense system, while NBC News said the military described them as defensive and reported explosions on Qeshm and Hengam islands and near Bandar Abbas. The Hindu said the strikes came as Tehran considered proposals from a mediator, but the reports did not specify the extent of damage or whether there were casualties.
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