Oil Holds Near Six-Month High as Trump Mulls Limited Iran Strike

Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in the Middle East, warning Tehran had 15 days at most to reach a deal over its nuclear program.

West Texas Intermediate was little changed near $66 a barrel, notching a weekly gain of about 5.6%. Trump said on Friday “I guess I can say I am considering it,” when asked if he was weighing military force in Iran to secure a nuclear deal, raising concerns of potential disruptions to oil supply in the key region. Prices briefly flipped to positive after CNN reported that the USS Gerald R. Ford carrier strike group is on its way to the Middle East.