energy market, oil, US-Iran tensions, crude prices, geopolitical risk
February 13, 2026
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Oil holds steady as US–Iran tensions provide support

Oil prices settled in a narrow range on Wednesday, buoyed by the uncertainty that still surrounds U.S.–Iran negotiations. Market participants are on standby, looking for a clear direction while diplomatic talks continue to unfold. Brent crude futures nudged up 23 cents, or 0.3%, to $69.03 a barrel by 0100 GMT. U.S. West Texas Intermediate, the benchmark […]

International Relations, Exploration, energy policy, production, oil, U.S. Treasury, Venezuela, gas, license
February 11, 2026
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US issues license authorizing oil, gas exploration and production in Venezuela, Treasury says

On February 10, 2026, the U.S. Treasury Department issued a general license that permits U.S. firms to supply goods, technology, software, or services for the exploration, development, or production of oil and gas in Venezuela. The authorization marks a significant shift in U.S. policy toward the country’s energy sector. Under the license, companies can now […]