Trump threatens Iran with “bad things”
February 20, 2026
The propane inventory report had supplies down 3.084 million barrels, which was less than expected. Total supplies now sit at 74.185 million barrels, 6 million barrels higher than the previous high for this week of the year all time.
Midwest supplies were down 528,888 barrels putting total Midwest stocks 15.174 million.
Gulf Coast stocks were down 1.807 million barrels, petting total Gulf Coast stocks at 51.570.
The DOE inventory report had crude down 9.01 million barrels gasoline stocks were down 3.21 million barrels, and distillates were done 2.70. The draws across the boards were supportive but the Iran news will still be the most significant market mover.
On Thursday, US President Donal Trump warned Iran that it must reach a deal over its nuclear program, or “bad things” will happen, and appeared to set a 10-day deadline before the US might take action. President Trump said negotiations with Iran were going well but insisted Tehran had to reach a “meaningful agreement”. He called on Tehran to join the US on the path to peace.
Total crude inventories are now at 429.815 last year they were 432.493.
Total gasoline inventories are not at 255.845 and last year they were 247.902.
Total distillates are now at 120.099 and last year there were 116.564.