Crude Oil Prices Near 7-Month High Amid US-Iran Tensions; Crucial Talks Loom
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Oil Market Turmoil: Prices Near 7-Month High Amid US-Iran Tensions, Tomorrow Crucial
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CNBC Awaaz•25-02-2026, 09:10
Oil Market Turmoil: Prices Near 7-Month High Amid US-Iran Tensions, Tomorrow Crucial
•Crude oil prices are near a seven-month high, with Brent futures at $71.22 and WTI at $66.05.
•Investors are concerned about potential supply disruptions due to a possible US-Iran military confrontation.
•Talks between US and Iranian delegations are scheduled for Thursday in Geneva, with US President Trump warning of "very bad consequences" if no agreement is reached.
•A prolonged conflict could disrupt supply from Iran, the third-largest OPEC crude oil producer.
•Despite tensions, concerns exist about large inventory build-ups, with US oil inventories increasing by 11.43 million barrels last week.
