Oil prices retreated over two percent Friday after Netanyahu signaled Iran conflict resolution. Israeli Prime Minister Benjamin Netanyahu stated Iran is being decimated and the war will end sooner than anticipated, prompting traders to reassess energy market risks. President Trump reinforced confidence by committing that Israeli forces would cease targeting Iranian energy infrastructure following Wednesday's strikes on the South Pars gas field. Despite the reassuring rhetoric, equity markets declined as investors remain cautious about prolonged geopolitical tensions. Crude oil maintains levels around one hundred dollars per barrel while natural gas continues surging due to effective closure of the strategic Strait of Hormuz, through which one fifth of global energy supplies flow.
