Brent crude climbed to $116.29 on Friday, hitting a six-month high as Houthi attacks on Saudi Arabia, fears of fresh US-Israeli strikes on Iran and mounting supply disruption risks rattled global oil markets. Crude oil priceshovered near a six-month high on escalating US-Iran tensions, which have significantly influenced market sentiment. As of February 20, 2026, MCX crude oil futures for the March.