Oil soars to 6-month high on US-Iran tensions. Brace for "freaky" Friday?

The global oil benchmark, Brent (Bybit: UKOUSD), has surged to its highest level since August 1st, 2025.

Oil prices spiked after US President Donald Trump says Iran has 10-15 days to reach a nuclear deal, even as the US ramps up its military presence in the region.

Markets are driving oil prices higher on fears that military action in the Middle East could threaten global oil supplies (making oil harder to come by).