-- Crude oil prices remain elevated as there is no end in sight for the U.S.-Israel war with Iran, with the Strait of Hormuz still effectively closed due to the conflict.
Brent crude at last look gained 1.5% to US$112.06/barrel and West Texas Intermediate crude rose 0.8% to $105.93/barrel. An Iranian Foreign Ministry spokesperson said it was not realistic to expect quick results from U.S. talks, Reuters said in a Friday report, citing the official IRNA news agency.
A senior official of Iran's Revolutionary Guards had threatened "long and painful strikes" on U.S. positions if Washington renewed attacks on Iran, the report said.
U.S. President Donald Trump is set to receive a briefing on plans for renewed military strikes on Iran to compel it to negotiate an end to the war, Reuters reported, citing a U.S. official.