New Delhi, Feb. 20 -- Crude oil prices hovered near a six-month high, driven by escalating tensions in US-Iran that significantly impact market sentiment. As of February 20, 2026, MCX Crude Oil futures for March 2026 expiry traded flat at Rs.6050 per barrel after an early gain.

Brent crude futures have increased by 33 cents, or 0.5%, hitting $71.99, while US West Texas Intermediate crude has risen by 62 cents, or 0.9%, reaching $67.05 as of 0715 GMT, according to Reuters.

Following President Donald Trump's ultimatum for Iran to negotiate a nuclear agreement, WTI crude oil futures rose above $66/bbl, reaching a six-month high and poised for a weekly gain of over 5%.

Trump signaled that negotiations would likely have no more than 10 to 1...