Oil prices resumed their upward trajectory on Friday after a three-day decline, driven by concerns surrounding Iran's enriched uranium policy and ongoing conflict. In early trading, Brent crude, the international benchmark, increased by 1.9% to $104.52 per barrel, while U.S. West Texas Intermediate futures rose 1.5% to $97.81 per barrel. Reports indicate that Iran's Supreme Leader Ayatollah Mojtaba Khamenei has ordered that enriched uranium should not be sent abroad, a move that has escalated fears of a prolonged conflict and continued disruption of oil supplies. U.S. President Donald Trump previously suggested that negotiations with Iran were nearing completion, but the latest developments have cast doubt on a swift resolution. The International Energy Agency (IEA) has cautioned that as travel demand increases during the summer, oil markets could enter a critical phase due to dwindling global stocks. IEA Executive Director Fatih Birol noted that reopening the Strait of Hormuz, a crucial transit route for approximately one-fifth of global oil and liquefied natural gas, is essential to alleviating the energy crisis. However, energy executives warn that it may take until 2027 for the full normalization of oil supply in the region due to the extensive disruptions caused by the ongoing conflict.