What's going on with US Iran Naval Blockade

Brent crude touched a five-week high above $94 a barrel as US-Iran tensions intensified.

Analysts expect crude prices to remain in the $90-100 a barrel range, not a sustained climb toward $112.

Manoranjan Sharma of Infomerics Valuation and Rating Limited said current prices do not signal a major structural supply disruption.

Sharma noted that a move to $120 would require a fresh escalation, such as a prolonged Strait of Hormuz disruption.

Investors are watching crude oil inventory data, as an unexpected drop could push NYMEX prices toward $90, said Deveya Gaglani of Axis Direct.

US airstrikes killed at least 7 in Iran, hitting bridges, railway stations, and power lines in southern Iran.

US struck Geryveh Bridge and Kahurestan Bridge in Khamir County, linking Bandar Abbas to Shiraz.

Power lines damaged in Bandar Abbas and surrounding villages; Iran urged citizens to limit air conditioning use.

Qatar intercepted a missile attack, with blasts heard in Doha.

Iran asked Houthis to stand ready to close the Red Sea oil route; oil prices rose on hostilities and Strait of Hormuz disruption.

US Central Command struck bridges, an airport, and a train station in Iran.

people were killed in the US airstrikes.

The attacks concluded at dawn Friday, marking the sixth consecutive night of US strikes.

CENTCOM said it hit dozens of targets.

The rupee closed at 96.28 against the US dollar, up 14 paise from its previous close.

It opened at 96.35 and traded in a range of 96.27-96.41 during the session.

The 14-paise gain reflects a slight strengthening of the Indian currency against the greenback.

US Central Command destroyed an IRGC surveillance tower at Iran's Chabahar port.

The strike aims to degrade IRGC's ability to attack commercial shipping.

CENTCOM stated the operation protects freedom of navigation in the region.