Oil is on course for a second weekly fall, Reuters reports, with prices mixed on Friday 13 November as the US keeps up its blockade of Iran.
According to Reuters, as carried by CNBC, Brent is set for a 2.4% drop this week after plunging 16% the week before. WTI is heading for a 2.5% weekly decline after a 13% fall the previous week.
Reuters says prices slipped on Friday after Trump said on Truth Social that a deal with Iran was not necessary. The news agency reads this as a sign he will stick with the blockade and economic sanctions.
Reuters links the weaker prices to the continued blockade, which it says reduces the chance of renewed large-scale fighting. It adds that attacks on shipping remain a risk to supply.