economy
February 18, 2026
Oil prices jumped over three percent due to fears of a US-Iran conflict
WASHINGTON - Oil prices today rose by more than three percent after US Vice President JD Vance warned that Iran has not met key US demands in nuclear armament negotiations, while President Donald Trump has kept the possibility of military intervention open if diplomacy fails.
TL;DR
- Oil prices rose over 3% due to fears of US-Iran conflict.
- US Vice President JD Vance warned Iran has not met key demands in nuclear talks.
- President Donald Trump did not rule out military intervention.
- Markets reacted with sharp price increases amid fears of escalating conflict in a strategic energy region.
- US WTI crude oil prices rose 3.19% to $64.32 per barrel, Brent crude jumped 3.03% to $69.46.
- Negotiations in Geneva yielded no concrete progress.
- The Strait of Hormuz, crucial for oil transport, is a point of concern due to Iranian military exercises.
- US aircraft carrier deployments are seen as a signal of readiness for military action if diplomacy fails.
- Analysts warn of potential long-term consequences for global energy supply and inflation.
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