Oil prices declined on Friday but remained on course for a third consecutive weekly rise after the White House postponed a decision on U.S. involvement in the Israel-Iran conflict. Brent crude fell 2.4% but still gained nearly 4% for the week. U.S. West Texas Intermediate rose slightly. Tensions escalated after Israel targeted Iranian nuclear sites, prompting Tehran’s retaliatory strikes. The delay in U.S. action has kept market uncertainty high, with analysts suggesting the risk premium remains significant, threatening further price increases if the conflict intensifies.