# Brent rises late, settles higher and with weekly gain on Iran-US jitters | Reuters

> Brent rose in late short-covering on Friday, settling at $71.76, and posted a weekly gain. Investors were worried about possible US military action against Iran over its nuclear program, and Strait of Hormuz supply risk was a key concern.

- Date: 2026-02-20 · published 2026-02-20T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising crude on Hormuz risk lifts diesel and freight costs and supports vegetable oil and biofuel demand, while the US Supreme Court tariff ruling had little effect on oil.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.4% | -5.7% |
| BRENT | 2026-03-29 | [Brent eyes record monthly rise; US crude settles above $100 as Houthis join Iran war \| Reuters](https://feedsoft.ai/events/20326-brent-eyes-record-monthly-rise-us-crude-settles-above-100-as-houthis-join-iran.md) | +1.2% | -5.1% |
| BRENT | 2024-12-13 | [Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran \| Reuters](https://feedsoft.ai/events/27116-oil-up-2-settles-at-3-week-high-as-more-sanctions-loom-on-russia-iran-reuters.md) | -0.2% | +11.4% |
| BRENT | 2026-01-12 | [Oil prices settle at 7-week high on worries about Iran exports \| Reuters](https://feedsoft.ai/events/11391-oil-prices-settle-at-7-week-high-on-worries-about-iran-exports-reuters.md) | +2.0% | +7.8% |
| BRENT | 2026-02-18 | [Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough \| Reuters](https://feedsoft.ai/events/20786-oil-settles-up-4-on-iran-us-tensions-russia-ukraine-talks-end-without.md) | +3.5% | +54.4% |
| WTI | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.9% | -6.3% |
| WTI | 2026-03-29 | [Brent eyes record monthly rise; US crude settles above $100 as Houthis join Iran war \| Reuters](https://feedsoft.ai/events/20326-brent-eyes-record-monthly-rise-us-crude-settles-above-100-as-houthis-join-iran.md) | +12.7% | -2.0% |
| WTI | 2024-12-13 | [Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran \| Reuters](https://feedsoft.ai/events/27116-oil-up-2-settles-at-3-week-high-as-more-sanctions-loom-on-russia-iran-reuters.md) | -0.2% | +13.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-rise-trump-puts-time-limit-iran-stand-off-2026-02-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.