What’s Affecting Oil Prices This Week? (Feb. 23, 2026)

Oil tanker ship and LPG tanker ship, Aerial view tanker ship, oil and gas chemical tanker in open sea, Refinery Industry cargo ship. — Markets are pricing in elevated but contained uncertainty—a major escalation disrupting Hormuz flows (carrying about 20% of global oil) could drive Brent toward $100, but current levels suggest a risk premium of $7–10/bbl. (Adobe Stock)

John E. Paisie, Stratas Advisors

February 23, 2026 11:41 AM CST

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