Published April 25, 2026 Updated about 3 hours ago By Reuters NEW YORK/LONDON: Oil prices whipsawed in volatile trade on Friday, but were higher on the week, as traders weighed supply disruptions against the potential restart of peace talks between the US and Iran that could help limit those disruptions. Brent crude futures settled at USD105.33 a barrel, rising 26 cents, or about 0.3 percent. US West Texas Intermediate futures settled at USD94.40 a barrel, falling USD1.45, or 1.5 percent. For the week, Brent gained about 16 percent and WTI rose nearly 13 percent. Crude futures gave back early gains after REUTERS reported that Iranian Foreign Minister Abbas Araghchi was expected to arrive in Islamabad late on Friday to discuss proposals for resuming peace talks with the US after talks collapsed earlier this week. Prices fell further after CNN reported that US President Donald Trump was sending special envoy Steve Witkoff and Jared Kushner to Pakistan for talks with Iran’s foreign minister. Later, Trump told REUTERS that Iran plans to make an offer aimed at satisfying US demands. “They’re making an offer and we’ll have to see,” Trump said. Early in the session, prices rose 2 percent on fears of renewed military escalation in the region, the day after Iran released footage of commandos boarding a cargo ship in the Strait of Hormuz, and as progress stalled on re-opening the vital waterway. “Traders are liquidating length ahead of an unusually unpredictable weekend and will readjust their positions Sunday night based on…