US-Iran war buzz fuels crude oil price to six month high. Time to invest in black gold?
Crude oil priceshovered near a six-month high on escalating US-Iran tensions, which have significantly influenced market sentiment.
As of February 20, 2026, MCX crude oil futures for the March 2026 expiry were trading flat at ₹6,050 per barrel after early gains. Meanwhile, in the international market, Brent crude futures have increased by 33 cents, or 0.5%, hitting $71.99, while US West Texas Intermediate crude has risen by 62 cents, or 0.9%, reaching $67.05 as of 0715 GMT, according to Reuters.
