Oil prices rose on Friday in a choppy trading session as cracks began to emerge in the preliminary deal between the United States and Iran to end the war.
Talks between officials representing the countries were postponed and Vice President JD Vance delayed a scheduled trip to Switzerland for the next phase of negotiations amid Israel's launch of new attacks in Lebanon, highlighting the fragility of the deal signed this week. With the state of conditions in the Strait of Hormuz unclear, shipping companies weighed whether it was safe to transit the waterway, a crucial passage for oil and gas in the Persian Gulf.
However, oil prices remain on track to fall for a second week in a row, as traders react to apparent diplomatic developments, however weak, in recent days.
