Bloomberg · Feb 23, 2026 · Collected from RSS
Oil stands to rally strongly as war between the US and Iran looks imminent, according to energy market consultancy FGE NexantECA.
FGE NexantECA Chairman Emeritus Fereidun Fesharaki believes an open conflict between the US and Iran could push prices into the $75-$90 per barrel range, depending on export disruptions. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Oil fell as investors weighed the odds of a nuclear deal between the US and Iran, with more negotiations on the issue expected later this week as American forces mass in the Middle East.
The oil market is in the middle of its strongest start to a year since 2022 as supply shocks and sanctions confound expectations of a glut. Now traders are racing to cover themselves against the prospect of the US bombing Iran again.
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