Global oil prices continued to climb on Friday, with international benchmark Brent crude rising by approximately 4% to a high of $117.30 per barrel, marking a new four-year high. U.S. benchmark West Texas Intermediate (WTI) also touched $103 per barrel, its highest level in five weeks. The surge in oil prices was primarily driven by concerns over a potential resumption of conflict between the U.S.-Israel and Iran, as well as Houthi attacks on Saudi Arabia.