Javier Blas: WTI and Brent reach 6-month high on U.S.-Iran tensions

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Mikhail Vnuchkov

20.02.2026

Javier Blas: WTI and Brent reach 6-month high on U.S.-Iran tensions — WTI and Brent rise on tensions

Javier Blas reports that West Texas Intermediate (WTI) and Brent crude oil prices have reached a six-month high, trading at around $67 and $72 respectively. The increase comes as tensions between the U.S. and Iran introduce a war premium into the market.

Blas also notes that Russia is facing challenges in selling its oil, leading to a disconnect between black market and mainstream barrels.

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These developments highlight the complex interplay between geopolitical tensions and oil supply, building on Blas's previous analysis of how Iranian oil output now surpasses levels from Trump’s term. For further context, his examination of Iranian oil production offers deeper insight into shifting market dynamics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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