Oil prices decline for second week as Middle East tensions ease
Oil prices fell today and are set for a second weekly drop as Iran tensions ease. Weak demand forecasts and rising Venezuelan supply further pressured the market.
Insights:
Oil prices slipped on Friday, February 13, 2026, and remained on track for a second consecutive weekly decline as geopolitical tensions showed signs of easing. The primary trigger for the price drop was a statement from United States 
US President Donald Trump, who noted that the White House could potentially reach a deal with Iran 
IR over the next month. This development has significantly reduced the near-term geopolitical risk premium that had been priced into the market.
US President Donald Trump, who noted that the White House could potentially reach a deal with Iran IR over the next month. This development has significantly reduced the near-term geopolitical risk premium that had been priced into the market.
