Brent crude ends week higher as US and Iran tensions escalate
Brent crude rose on Friday as tensions between the US and Iran fueled a weekly gain of over five percent. Geopolitical risks outweighed long term supply fears.
Insights:
President Donald Trump of the United States 
US issued statements on February 20, 2026, pressing Iran 
IR to halt its development of nuclear weapons and noting that he was considering limited military strikes. These remarks served as the primary trigger for late-day short-covering in the oil market, a move that lifted Brent crude prices and ensured a weekly gain for both Brent and West Texas Intermediate (WTI).
US issued statements on February 20, 2026, pressing Iran IR to halt its development of nuclear weapons and noting that he was considering limited military strikes. These remarks served as the primary trigger for late-day short-covering in the oil market, a move that lifted Brent crude prices and ensured a weekly gain for both Brent and West Texas Intermediate (WTI).
