Crude oil traded slightly lower around $90 a barrel on Friday but gained nearly 9% over the week, its strongest weekly performance since mid-July. Renewed US-Iran strikes, which resumed this week after about a month, raised concerns about potential supply disruptions. Israeli warnings that it would "cripple" Iran’s military and civilian infrastructure added to market pressure, while US Vice President JD Vance said Washington would not hold talks with Tehran unless Iran stopped attacking commercial shipping in the Strait of Hormuz (a major oil-shipping chokepoint). Signs that crude was still reaching the market, alongside higher Iraqi oil exports in August and expectations of further growth in September, provided some reassurance. OPEC+ (oil producers’ alliance) is likely to leave its October output policy unchanged at its meeting on Sunday.