Crude Oil Rebounds on US-Iran Tensions in Oil & Companies News 26/02/2026 WTI crude oil futures climbed past $66 per barrel on Wednesday as traders balanced geopolitical supply risks against a massive build in US inventories. Ahead of Thursday’s high-stakes nuclear talks in Geneva involving envoys Steve Witkoff and Jared Kushner, President Trump used his State of the Union address to warn of “very bad consequences” if Iran fails to meet “zero enrichment” demands. Adding to the tension, reports surfaced that Iran is seeking Chinese anti-ship cruise missiles to counter US naval presence near its coast. This geopolitical risk premium remains high despite the American Petroleum Institute reporting a significant 11.43 million barrel surge in US crude stockpiles last week. While global supply currently exceeds demand, the market remains fixated on potential disruptions in the Strait of Hormuz. Investors are now awaiting official EIA inventory data and the outcome of diplomacy to see if prices can sustain these seven-month highs. Source: Trading Economics 2026-02-26 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share