Crude oil prices stay elevated on Friday morning in Asia amid extended conflict in the Middle East leading to disruption in oil market. The International Energy Agency (IEA) warned that the US-Israeli war on Iran was "creating the largest supply disruption in the history of the global oil market." The IEA said on Wednesday that it will release a record 400 million barrels of oil in an attempt to curb the economic impact of the US-Israel war with Iran. Meanwhile, Iran’s new supreme leader, Mojtaba Khamenei, said that the closure of the Strait of Hormuz maritime passage should be continued. US crude oil prices have risen more than 40% since the start of the war. Currently, WTI crude oil futures are quoting at $96.25 per barrel, up half a percent on the day and set for a weekly gain of around 6%. This follows an unprecedented 35.63% surge the previous week.