Trump, in his State of the Union address, said Iran is working to reconstitute its nuclear program, adding to speculation that the US is preparing for military action. "So long as we remain in this realm of uncertainty, oil prices are more prone to upside risk on any headlines out of the US Iran talks," said Samantha Hartke, head of market analysis for the Americas at Vortexa Ltd. "Our view is that a prolonged disruption is unlikely given the onerous effect that will have on Iranian trade flows and revenues," she added, referring to Hormuz. Iran, for its part, has been loading oil onto tankers at a rapid pace in recent days, a potential sign of its preparations in case of an attack by the US.
Author: A. Longley, M. Gindis, C. Gorrivan
Published at: 2026-02-25 21:47:04
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