Oil Rises as Iran Conducts Naval Drills Before Talks With US

Bloomberg · Feb 16, 2026 · Collected from RSS

Summary

Oil advanced from Friday’s close after Iran carried out naval drills near a major regional transit chokepoint before talks with the US are set to resume later Tuesday.

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Iran partially and temporarily closed the strategic Strait of Hormuz during a military drill on Tuesday, thrusting the vital shipping route under the global spotlight once again. The hours-long suspension was the first time Tehran had restricted traffic through the strait since US President Donald Trump’s warning last month that Washington could take military action over Iran’s nuclear programme, with tensions still high between the two sides despite recent bilateral talks in Geneva. Here, we...

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Oil Rises as Iran Conducts Naval Drills Before Talks With US

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Al Jazeeraabout 2 hours ago
Iran-US tensions: What would blocking Strait of Hormuz mean for oil, LNG?
More than $500bn in oil and gas flows through waterway annually, leaving the global economy exposed to disruptions.

livemint.com1 day ago
Iran - US tensions : How Tehran may be preparing for larger conflict fortification , naval drills , Shamkhani appointment
Published: 20260221T031500Z
Published: 20260221T031500Z

oilprice.com2 days ago
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Published: 20260220T151500Z
oilprice.com2 days ago
Experts Sees Even Odds of Peace or Conflict With Iran
Published: 20260220T151500Z

gazeta.ua2 days ago
Иран и США – о чем предупредил представитель Тегерана секретаря ООН
Published: 20260220T123000Z
gazeta.ua2 days ago
Иран и США – о чем предупредил представитель Тегерана секретаря ООН
Published: 20260220T123000Z

South China Morning Post2 days ago
What would blocking the Strait of Hormuz mean for global oil and LNG shipments?
Iran partially and temporarily closed the strategic Strait of Hormuz during a military drill on Tuesday, thrusting the vital shipping route under the global spotlight once again. The hours-long suspension was the first time Tehran had restricted traffic through the strait since US President Donald Trump’s warning last month that Washington could take military action over Iran’s nuclear programme, with tensions still high between the two sides despite recent bilateral talks in Geneva. Here, we...

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The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.