Crude futures rise on U.S.-Iran tensions

Dow Jones

02/18

MW Crude futures rise on U.S.-Iran tensions

By Steve Goldstein

Swiss Foreign Minister Ignazio Cassis $(R)$ meets with Iranian Foreign Minister Abbas Araghchi during a bilateral meeting between Switzerland and Iran in Geneva on Feb. 17, 2026.

Crude-oil futures moved higher on Wednesday, as traders assessed the possibility that the U.S. would attack Iran, and considered the disruption that could cause to markets.

Crude futures (CL00) rose over 2% to $63.87 per barrel, as the Brent contract (BRN00) also gained ground to $69.03.

The gains came as the publication Axios reported the Trump administration is closer to a major war than many Americans realize. On Tuesday, Iran conducted a drill that it said temporarily closed the key Strait of Hormuz waterway.

Iran on Tuesday said it had agreed to "guiding principles" on talks with the Americans in Geneva.

Analysts at Citi this week said an Iranian oil-supply shock was not its base case. They said there's a risk premium of some $5 to $7 per barrel in the price.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 18, 2026 07:39 ET (12:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2026 07:39 ET (12:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4232","symbol_name":"货物陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612443263","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612443263","pubTimestamp":1771418340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Swiss Foreign Minister Ignazio Cassis  meets with Iranian Foreign Minister Abbas Araghchi during a bilateral meeting between Switzerland and Iran in Geneva on Feb. 17, 2026.Crude-oil futures moved higher on Wednesday, as traders assessed the possibility that the U.S. would attack Iran, and considered the disruption that could cause to markets.Crude futures  rose over 2% to $63.87 per barrel, as the Brent contract  also gained ground to $69.03.The gains came as the publication Axios reported the Trump administration is closer to a major war than many Americans realize. 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