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Heightened geopolitical tension around the Strait of Hormuz pushes benchmark oil toward seven percent weekly gains, with Asian energy buyers facing tighter supply and higher costs
Middle Eastern crude exports continue above 4 million barrels daily despite escalating regional violence and stalled Washington-Tehran negotiations
Crude climbed more than $1 per barrel Friday as shipping disruptions and stalled US-Iran talks tighten global supply through a channel carrying one-fifth of world oil flows.
Tehran's overnight strikes and proposed fee structure with Oman push Brent above $83, reversing earlier weekly losses
