Oil Prices Rise as Iran Claims U.S. Military Targets in Syria and Bahrain

According to CNBC, Iran claimed Friday that it targeted U.S. military forces in Syria and Bahrain as the U.S. completed its sixth straight night of strikes on the Islamic Republic. U.S. Central Command said it finished another major wave of attacks on Iran overnight, hitting dozens of military targets including air defenses, logistics infrastructure and maritime capabilities, while Iranian state media said the strikes killed eight people and wounded 20. Brent crude for September delivery rose 0.5% to $84.67 a barrel, and U.S. West Texas Intermediate for August gained 0.9% to $79.66, with both contracts up more than 11% for the week and on pace for their best weekly performance since late April.