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Friday, February 20, 2026 0:31 GMT
The premium currently built into the crude oil price over tensions between the United States and Iran fluctuates according to the daily headlines, but there is an underlying assumption that everything will turn out fine. Global benchmark Brent futures jumped 4.4% on Wednesday to close at US$70.35 a barrel, the highest finish since January 30. The increase was largely driven by news reports that Iran and Russia will conduct navy drills in the Sea of Oman and the northern Indian Ocean on...More