Why is WTI rising today?

WTI is up as traders price security risk around the Strait of Hormuz. Tension raises the chance of shipping delays, higher insurance, and precautionary buying. Even without a supply break, that risk premium can lift near-term prices, weigh on equities, and nudge inflation expectations higher until the situation clears.

How would a Strait of Hormuz closure affect oil prices?

A closure would choke key flows and likely trigger an oil supply shock. CSIS scenarios show WTI could jump toward $90–$100 or higher if shipments stall. The size and duration of disruption, plus strategic stock releases and spare capacity, would determine how far and how long prices stay elevated.

What does higher WTI mean for Japan’s inflation and BOJ?

Rising dollar oil lifts Japan’s import bill, especially if the yen is weak. That can push electricity and transport CPI higher and keep inflation sticky. The BOJ may respond cautiously, focusing on stability rather than quick tightening. Watch upcoming fuel CPI prints and official guidance for any policy tone shifts.

How can investors in Japan hedge oil risk now?

Investors can scale into positions that benefit from higher oil, like selective energy and midstream. To protect broader portfolios, consider index puts and funds that track WTI crude oil. Corporates can refresh fuel and FX hedges. Use staggered orders and defined stops so hedges remain effective as volatility shifts.

Global Market Insights

WTI Today, February 20: Iran Risk Lifts Oil, Pressures Stocks

ByDanny Kontos February 20, 2026February 20, 2026

WTI is climbing today, February 20, as U.S.–Iran tensions boost a risk premium across crude markets. WTI crude oil often reacts first to threats near the Strait of Hormuz, where flow disruptions can trigger an oil supply shock. U.S. stocks, including ^GSPC and ^DJI, slipped as energy and inflation worries resurfaced. For Japan, higher dollar oil meets a weaker yen, raising import costs and pressuring margins for fuel users. We break down what is driving prices, likely scenarios, and smart steps for portfolios now.