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CommoditiesMedium•11 February 2026•

1 min read

Crude Oil Futures Rise on Geopolitical Tensions, Iran Attack Speculation, and India's Shift

Digital illustration of oil market dynamics with US and Iran maps, oil rigs, refineries, price charts, and a rising green arrow, with oil barrels in the foreground.

Crude oil futures experienced an increase on Wednesday, extending a rebound from recent lows. This uptick is primarily driven by traders evaluating heightened geopolitical risks. Specifically, market participants are assessing the potential for a U.S. attack on Iran, a major oil-producing nation, which could disrupt global supply. Furthermore, the market is factoring in the implications of India's reduced reliance on Russian oil. These developments collectively introduce significant supply uncertainty, contributing to the upward pressure on crude prices.