TL;DR
Brent settled at $101.40 on Friday — down from $103.08 on Wednesday, confirming the market's loss of confidence in the resolution path.
MSM Perspective
Bloomberg reported the close as a routine market data point in its daily energy wrap.
X Perspective
Financial X noted that oil fell on a deadline extension and a blockade evolution — the war premium is repricing from event-driven to structural.
Brent crude settled at $101.40 per barrel on Friday, down $1.68 from Wednesday's close of $103.08. WTI settled at $97.15. The weekly close marks the first time Brent has declined on a Friday since the Hormuz blockade began, though it remains $26 above pre-conflict levels. [1]
The decline followed the deadline extension announcement and the Malaysia selective-passage report. The market read both as signals that the crisis will persist but evolve — not resolve. Goldman's war premium estimate of $25-$32 per barrel remains intact.
-- HENDRIK VAN DER BERG, Brussels