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macroJul 20, 2026, 12:10 AM

Brent Crude Surges Above $90 as US-Iran Tensions Disrupt Oil Shipping

Brent crude oil jumped above $90 per barrel as escalating US-Iran hostilities and threats to shipping in the Strait of Hormuz heighten global supply concerns, with attacks expanding to energy infrastructure and tight inventories offering little buffer.

BCOUSD

Brent crude oil rose above $90 per barrel on intensifying geopolitical risks in the Middle East. Escalating US-Iran hostilities have heightened fears of supply disruptions, particularly through the strategic Strait of Hormuz, a key chokepoint for global oil shipments.

Markets are pricing in greater supply risks as attacks have expanded to include energy infrastructure. With global inventories already tight, analysts warn that the system has limited capacity to absorb further disruptions, putting upward pressure on prices.

Source: First Squawk