Iran sent 10 oil tankers through the Strait of Hormuz as a goodwill gesture during US negotiations.

Oil prices rose Friday after former President Donald Trump said Iran allowed 10 oil tankers to pass through the Strait of Hormuz as a goodwill gesture. Brent crude futures increased 1.7% to $109.79 per barrel, while U.S. West Texas Intermediate futures gained 1.8% to $96.18. Analysts warned the global oil market remains fragile despite the temporary easing of tensions.