[MARKET UPDATE] Crude prices grind higher following reports of attacks across the Middle East and heading into a weekend of risk, despite Trump's extension on Iranian energy plant attacks; Brent June above USD 102.50/bbl, DXY rising, USD/JPY at YTD highs

Crude prices are being pushed higher by escalating geopolitical tensions in the Middle East, which typically raises risk premiums for oil. Despite Trump's recent stance on Iranian energy attacks, the risk outlook remains fragile as traders head into the weekend, potentially affecting broader market sentiment. With Brent crude trading above USD 102.50/bbl, this situation could heighten inflation concerns and influence FX dynamics, particularly with the DXY rising and USD/JPY reaching year-to-date highs.