Crude Oil Rallies Toward $66 as Iran Tensions Escalate

Written on 02/19/2026
Bill Baruch

Prices are rallying back to local highs near 66.04*** as Iranian talks face roadblocks. Threatening remarks from Iran’s Supreme Leader are driving prices higher. While we still maintain a bullish tilt, this is not a bad place to take profits. We maintain the stance that Iran talks are unlikely to...Offshore drilling rig by nielubieklonu via iStock
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