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Oil Rises to Near Seven-Month High on US–Iran Tensions, Trade Policy

Oil prices neared $72 per barrel as speculation about U.S. military action and trade concerns rose, with experts warning prices could reach $100, analysts said.

Summary by Oil Price
Oil prices were close to a seven-month high early on Tuesday amid speculation about potential U.S. strikes on Iran as a last-ditch round of talks approaches with what analysts see minimal chances of success. After rising in Asian trade, the two major crude oil benchmarks were near parity on the morning ET on Tuesday, but still hovering near seven-month highs as traders assess the chances of a new U.S. military campaign in Iran.  The U.S. benchma…
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Oil rises to near seven-month high on US–Iran tensions, trade policy

·United Kingdom
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Bloomberg broke the news in United States on Monday, February 23, 2026.
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