
Tehran has proposed an arrangement with Oman to bar Israeli vessels from the Strait of Hormuz and seek compensation from hostile nations for waterway access.
Oil prices rose on Friday, with WTI trading above $78 a barrel, following reports of Iranian attacks on hostile targets near Qeshm Island on Thursday night.
US President Donald Trump stated on Thursday that he expects the ongoing conflict to end soon, while reaffirming the US commitment to preventing Iran from acquiring nuclear weapons.