Oil prices climbed on Friday as the geopolitical standoff between Iran and the United States showed no signs of easing.
Brent crude rose more than $1 to trade above $111 a barrel, while West Texas Intermediate hovered near $105. Both benchmarks have risen for four consecutive months.
The conflict stemmed from the U.S.-Israeli attack on Iran in late February, which led Tehran to blockade the Strait of Hormuz. That disrupted roughly 20 percent of the world's oil and liquefied natural gas supply. Brent surged 50 percent in March alone.
A fragile ceasefire has been in effect since April 8, but Iranian Foreign Ministry spokesman Esmaeil Baghaei dampened hopes for a quick diplomatic resolution, suggesting talks would not yield immediate results. Iran's Revolutionary Guards have threatened "long and painful strikes" against U.S. positions if Washington renews attacks.
President Donald Trump was reportedly scheduled to receive a briefing on plans for fresh military strikes against Iran to force negotiations.