Oil prices managed to sustain a three-day winning streak on Friday, buoyed by ongoing geopolitical tensions and shifts in US energy inventories.

The latest developments saw the United States launch further strikes against Iran, a response to a series of attacks targeting shipping vessels in crucial maritime routes. This escalating situation in the Persian Gulf continues to be a significant factor influencing global oil supply concerns.

Adding to the market's dynamics, US diesel stockpiles experienced a notable increase. This rise in inventory levels for a key refined product could signal shifts in demand or refinery output, potentially impacting broader energy market sentiment.