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The Economic Times

Business / The Economic Times

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

Brent crude prices saw a late-day surge due to short-covering as investors reacted to escalating U.S.-Iran tensions over nuclear weapon development. Despite this, both Brent and WTI futures experienced weekly gains, with traders betting on higher prices amidst concerns over potential supply disruptions in the Strait of Hormuz.

21 Feb 2026 9:30 am