Oil prices rose on Friday, driven by reports that the U.S. may deploy ground troops to Iran. Earlier declines had been linked to possible sanctions relief on Iranian oil, while diplomatic efforts to ease tensions—such as U.S. requests for Israel to delay strikes—limited further gains. Brent crude increased 3.3% to $112.19 per barrel, and WTI rose 2.2% to $98.23.

British spot gas prices fell 2.4% to 149.75 p/therm as milder weather reduced demand and fears over damage to Qatar’s Ras Laffan LNG facilities eased. On the forward curve, Summer 2026 contracts dropped 2.7% to 148.24 p/therm, reflecting improving supply expectations and reduced geopolitical risk around the Strait of Hormuz.