Oil prices set for first weekly gain in three as US Iran tensions escalate
Oil prices are set for a weekly gain as US Iran tensions rise. Investors weigh potential supply risks against high inventories and interest rate concerns.
Insights:
Oil prices moved near six-month highs on February 20, 2026, and were set for their first weekly gain in three weeks as markets reacted to rising tensions between the United States 
US and Iran 
IR. The price movement followed a statement from President Donald Trump, who warned that "really bad things would happen" if an agreement to curtail the Iranian nuclear programme is not reached. Trump has set a deadline of 10 to 15 days for a resolution, a move that has immediately heightened global supply-risk concerns.
US and Iran IR. The price movement followed a statement from President Donald Trump, who warned that "really bad things would happen" if an agreement to curtail the Iranian nuclear programme is not reached. Trump has set a deadline of 10 to 15 days for a resolution, a move that has immediately heightened global supply-risk concerns.
