Overview
- Brent climbed near $92 and WTI neared $90 on Friday, with one intraday print topping $92 as traders reacted to reported attacks and worsening security across the Gulf region.
- AAA put the U.S. average for regular at $3.32 a gallon, the highest of President Trump’s second term, while GasBuddy data show more than 30 states now average above $3.
- Diesel is rising faster than gasoline, with the U.S. average at about $4.12 and RAC data showing a UK average of roughly 148.4p per litre, a 16‑month high.
- UK petrol averages have moved into the 136–137p range, and campaigners and RAC flagged concerns about rapid forecourt increases even as wholesale‑to‑retail pass‑through typically lags by up to two weeks.
- Officials and analysts warn a prolonged choke on Hormuz traffic could yield far larger spikes—with Qatar’s energy minister cautioning prices could reach $150—while equity markets fell on Friday as oil rallied and U.S. jobs data disappointed.