Brent crude ends week higher as US and Iran tensions escalate

洞察:
President Donald Trump of the United States USUS issued statements on February 20, 2026, pressing Iran IRIR 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).
A drone view shows a pump jack and drilling rig south of Midland, Texas, U.S., on June 11, 2025. REUTERS/Eli Hartman/File Photo
A drone view shows a pump jack and drilling rig south of Midland, Texas, U.S., on June 11, 2025. REUTERS/Eli Hartman/File Photo
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