Basra Crude Climbs as Global Oil Prices Rise

Basra crude ended the week with notable gains amid rising global oil prices and supply concerns linked to the Strait of Hormuz.

Basra Heavy reached $114.97 and Basra Medium $117.07 per barrel, both gaining over $6 weekly.

US crude stood at $98.5, while Brent rose to $96.85.

The gains reflect geopolitical tensions and shipping disruptions in the region.