Brent Crude Surges Past $90 as US-Iran Conflict Disrupts Hormuz Oil Supplies

Brent crude oil prices surged past $90 per barrel on [date] as escalating military conflict between the United States and Iran disrupted shipping through the Strait of Hormuz, a critical chokepoint for global oil supplies.

The price jump reflects immediate concerns over the safety of tanker traffic in the strait, which accounts for roughly 20% of global oil consumption. Analysts point to the closure or partial restriction of the strait as a worst-case scenario, but even the threat of disruption has triggered precautionary buying.

Shipping insurance premiums have reportedly risen, and some tanker operators are already rerouting vessels, adding days to transit times and increasing freight costs. The market's reaction underscores how quickly geopolitical events can translate into higher energy costs for consumers and businesses worldwide.