{"id":69847,"date":"2026-02-12T09:39:41","date_gmt":"2026-02-12T09:39:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/02\/12\/oil-holds-steady-amid-iran-tensions\/"},"modified":"2026-02-12T09:39:41","modified_gmt":"2026-02-12T09:39:41","slug":"oil-holds-steady-amid-iran-tensions","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/02\/12\/oil-holds-steady-amid-iran-tensions\/","title":{"rendered":"Oil Holds Steady Amid Iran Tensions"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Oil prices held steady on Thursday amid simmering tensions between the United States and Iran.<\/p>\n<p>WTI crude futures were little changed at $64.65 after rising over 1 percent in the previous session on heightened Middle East tensions. Benchmark Brent crude futures slid 0.1 percent to $69.35 a barrel.<\/p>\n<p>As U.S.-Iran talks stall and Israel demands missile restrictions, tensions in the Middle East continue to rise. <\/p>\n<p>Iran&#8217;s security chief Ali Larijani has accused Israel of attempting to sabotage negotiations with the United States over Tehran&#8217;s nuclear program, so it can ignite a new war that would destabilize the region.<\/p>\n<p>&#8220;Our negotiations are exclusively with the United States &#8211; we are not engaged in any talks with Israel,&#8221; he said.<\/p>\n<p>He said Israel&#8217;s strategy was &#8220;to destabilize the region&#8221;, and that its agenda &#8220;extends beyond its alleged concerns about Iran&#8221;.<\/p>\n<p>Separately, the Financial Times quoted Turkish Foreign Minister Hakan Fidan as saying that the U.S. and Iran seemed willing to make concessions in order to reach a nuclear agreement.<\/p>\n<p>Meanwhile, the International Energy Agency (IEA) has lowered its forecast for 2026 global oil demand growth in its latest monthly oil market report.<\/p>\n<p>Citing the impact of higher prices on consumption, the agency said it expects a surplus of 3.73 million barrels per day in 2026, compared with 3.69 million bpd surplus projected in last month&#8217;s report.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast world oil demand for crude from the wider OPEC+ producer group will drop by 400,000 barrels per day in ?the second quarter of this year. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Holds Steady Amid Iran Tensions<\/a><br \/>\n<br \/>2026-02-12 09:39:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices held steady on Thursday amid simmering tensions between the United States and Iran. WTI crude futures were little changed at $64.65 after rising over 1 percent in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":69848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-69847","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=69847"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/69848"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=69847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=69847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=69847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}