Dubai: Oil prices held above $100 a barrel on Friday, even as Brent headed for a deep weekly loss, with traders weighing President Donald Trump’s claim that the Iran ceasefire remains in place against fresh military clashes in the Strait of Hormuz. Brent crude traded at $100.27 a barrel by 2.44 pm in Singapore, up 0.2%, while West Texas Intermediate was down 0.1% at $94.70. Despite the modest moves on Friday, Brent was still on course for a weekly decline of more than 7%, after hopes of a deal to reopen the Strait of Hormuz briefly pulled prices below $100 for the first time in more than two weeks. That fall did not last. Buyers returned around the $100 level, treating it as a key psychological marker for a market still heavily driven by war headlines, shipping disruption and the cost of fuel for consumers and businesses. Ahmad Assiri, Research Strategist at Pepperstone, said oil remained highly exposed to each turn in the conflict.…