[MARKET ANALYSIS] Crude climbs to new four-month highs as Trump reportedly considers a new strike on Iran
The rise in crude prices to four-month highs is largely driven by heightened geopolitical tensions surrounding potential U.S.
The Iranian army has reportedly received 1,000 strategic drones, Tasnim reports
Iran's Foreign Ministry Spokesperson Baghaei confirms visit to Turkey on Friday
[MARKET ANALYSIS] Crude climbs to new four-month highs as Trump reportedly considers a new strike on Iran
Russian Kremlin spokesperson Peskov does not comment on reports of a energy infrastructure ceasefire between Russia and Ukraine
Russia's Kremlin says they're still waiting for the US response on Putin's offer to extend limits in expiring nuclear treaty
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- Crude benchmarks have steadily moved higher and have reached new four-month highs, with Brent Apr'26 climbing above USD 69/bbl, as probabilities of a US strike on Iran rise. CNN reported in the late hours of Wednesday, citing sources, that US President Trump is considering a new large-scale attack on Iran due to the lack of progress on a nuclear deal. More recently, Kpler's Bakr reported that Trump isn't looking for a war, but that he wants a diplomatic win or an "organic" internal uprising.
- Polymarket currently predicts a 48% chance that the US will strike Iran by the end of February, while a 65% chance of a strike is predicted by June 30th.
- Worries over oil and gas production due to the Arctic storm have subsided for now, with Henry Hub futures consolidating below USD 4/MMBtu after peaking at USD 7.43/MMBtu earlier in the week.
actions in Iran. As markets assess President Trump's reported considerations for a military strike, investors may react with increased risk aversion, impacting not only energy prices but also currency and equity markets.
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