Oil rose on Friday as renewed US‑Iran hostilities and rising Middle East tensions pushed market supply concerns higher. Brent is up 7.6% this week and WTI up 10.4%, marking their largest weekly gains since the week of July 20. ANZ raised its near‑term Brent forecast to $95/bl and warned of upside risk should the conflict intensify. Analysts say high inventories have so far absorbed the initial supply shock, but shrinking buffers are making it harder to sustain supply‑demand balance.