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Oil Gains as Worries Over US-Iran Tensions Stretch Into Weekend - BLOOMBERG

FEBRUARY 28, 2026

 Oil rallied as traders braced for any escalation to US-Iran tensions heading into the weekend after President Donald Trump signaled he was “not happy” with negotiations aimed at averting an imminent US attack.

West Texas Intermediate jumped 2.8% to close above $67 a barrel, its highest settlement since August. Trump urged Iran to make a deal over its nuclear program after griping that it wasn’t negotiating in good faith, adding that there would be “additional talks today” after the two sides failed to reach an agreement in Geneva earlier this week. Meanwhile, the US, China and several other nations advised citizens to leave some parts of the region.

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