International crude oil prices continued to rise during Friday's early trading session in the US, driven by escalating Middle East energy supply risks, short covering ahead of the weekend, and options hedging purchases. US WTI crude oil briefly approached $103.30 per barrel, with an intraday gain of over 3.8%; Brent crude oil briefly surpassed $117.40 per barrel, rising nearly 3.8% intraday.

According to Xinhua News Agency, citing The New York Times, US and Israeli militaries have developed plans to strike Iran again after the US congressional midterm elections in November. Michael Waltz, US Permanent Representative to the United Nations, stated that the US is prepared for a long-term confrontation with Iran, and the conflict could last much longer than Donald Trump initially expected. Additionally, Saudi Aramco on Thursday requested employees to evacuate its headquarters in Dhahran, Eastern Province, after Yemen's Houthi rebels claimed attacks on Saudi Red Sea ports and oil facilities, intensifying market concerns about the security of Saudi energy infrastructure and export routes.

The US Department of Energy announced on Friday that it has authorized an emergency exchange of up to 400,000 barrels of Strategic Petroleum Reserve (SPR) crude oil to address crude supply disruptions at the Lake Charles refinery in Louisiana.