US-Iran Conflict Drives Brent Crude Past $90 Amid Strait of Hormuz Tensions

Global energy markets experienced sharp volatility on Monday as Brent crude surged past $90 per barrel following military escalation between the United States and Iran in the Strait of Hormuz.

The sudden spike was driven by a direct exchange of fire between U.S. and Iranian forces on Larak Island, a key naval monitoring location controlled by the Islamic Revolutionary Guard Corps (IRGC).

U.S. Central Command (CENTCOM) officials stated that American military forces launched targeted airstrikes destroying two Iranian rocket launchers stationed on Larak Island, which were readying to deploy naval mines into shipping lanes.

The military action immediately reignited deep supply disruption fears across global commodities exchanges.