Brent crude oil futures held near $95 per barrel on Friday after falling 2.8% in the previous session, as investors looked for signs of progress in US-Iran negotiations while uncertainty persisted over a ceasefire between Israel and Lebanon. President Donald Trump said talks with Tehran were progressing well, despite Iran-backed Hezbollah rejecting a US-brokered ceasefire proposal. Brent remains more than 4% higher for the week after renewed clashes between US and Iranian forces dampened hopes for a deal that could restore flows through the Strait of Hormuz. Trump has since struck a more optimistic tone, saying the strait could reopen quickly if Iran agrees to a memorandum of understanding to halt hostilities. However, little concrete progress has emerged, with Israel’s continued operations in Lebanon remaining a key obstacle. Elsewhere, loadings at Oman’s Mina Al Fahal export terminal were temporarily delayed following an explosion, although operations later resumed.