Arab and international
Economy News _ Baghdad
Oil prices rose on Friday as tensions rose in the Gulf, as US President Donald Trump announced that his country had dropped an Iranian droner, while Tahran said it had stopped a foreign oil tanker in the Gulf.
By 09:54 Moscow time, Brent crude was trading at $ 62.74 a barrel, up 1.31% from the previous settlement. US crude futures rose 0.78% to $ 55.73 a barrel.
The rise was supported by increased tension in the Gulf region, after Trump announced that the US destroyer Boxer had destroyed an Iranian marlin approaching 1,000 meters in the Strait of Hormuz.
Iran has said it stopped a foreign oil tanker in the Gulf, boosting market concerns over global oil supplies.