US Oil Surges Over 20% in 15 Days as Iran War Resumes, Brent Nears $90

US oil prices have officially risen more than 20% over the past 15 days, according to The Kobeissi Letter. The sharp rally coincides with the resumption of what is being described as the “Iran War.”

Brent crude is now on the verge of climbing back above $90 per barrel, a level not seen since earlier this year. The sudden escalation in geopolitical tensions has fueled rapid gains across the oil complex.

Traders are watching for further developments in the Middle East, as supply disruption fears continue to underpin the move higher.