Brent Crude Surges Above $90 as Iran-U.S. Tensions Escalate
Brent crude oil surged to over $90 per barrel as tensions between Iran and the United States escalated, putting pressure on global energy markets.
The price increase occurred in the first minutes of trading after the market opened, with Brent reaching a high of $91 before settling back to around $90.50.
The rise comes amid heightened regional tensions, with traders closely watching developments that could impact oil supplies and key energy routes.