Commodities
US-Iran Tensions Send Brent Prices Soaring Above $90
Brent crude oil prices surged past $90 a barrel on Monday as tensions escalated in the Middle East.
The US and Iran exchanged strikes for the first time in roughly a month, sparking concerns over the security of the Strait of Hormuz.
US forces targeted Iranian military assets after detecting preparations to deploy mines in the waterway, while Iran responded with missile and drone attacks on US facilities in Jordan.
The developments have heightened fears that further military escalation could disrupt shipping and tighten global energy supplies.