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Oil has moved back above $90, with Brent climbing toward the mid-$90s after settling near $94.65 and WTI closing around $90.22. The latest advance followed renewed U.S.–Iran tensions near the Strait of Hormuz, a route that carries a large share of the world’s seaborne crude.
Markets are focused on whether the move becomes a short-term risk premium or a longer supply shock. So far, the price reaction has been driven more by disruption fears than by a confirmed full blockade. Higher oil, if sustained, could feed into inflation expectations and risk assets. DYOR.
#Oil #Brent #Markets #energy