Brent futures rose 9 cents, or 0.1%, to $87.16 a barrel by 0130 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 4 cents to $81.29 a barrel.
The two benchmarks fell more than 2% in the prior session, paring gains after a six-session rally for Brent and a five-session rise for WTI, but were on track for weekly rises of around 4%.
The United States on Thursday said it could maintain a naval blockade of Iran indefinitely and would ramp up economic pressure on Tehran as ceasefire talks have stalled.
"Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country," U.S. Treasury Secretary Scott Bessent said in an interview on Newsmax's "Rob Schmitt Tonight" program.
KCM chief market analyst Tim Waterer said the two forces were acting as counterweights.
"The result is a market that remains supported but struggles to break meaningfully higher while these opposing pressures remain in place," he said.
Two vessels from the state-owned Abu Dhabi National Oil Company were attacked transiting the strait on Thursday evening, UAE state news agency WAM reported. The United Arab Emirates government condemned it as an Iranian attack.
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