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strikeJul 20, 2026

Oil prices jump 3% as US-Iran conflict intensifies, Brent crude tops $90 per barrel

Summary

Oil prices rallied on Monday after conflict between the United States and Iran intensified, raising fresh concerns over crude supplies from the Middle East as shipping through the Strait of Hormuz came under increasing pressure.

Source: TOI Business Desk — Read the full report

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Sources

  • TOI Business DeskBy TOI Business Desk

    Oil prices rallied on Monday after conflict between the United States and Iran intensified, raising fresh concerns over crude supplies from the Middle East as shipping through the Strait of Hormuz came under increasing pressure. Brent crude climbed above $90 a barrel, rising 2.30…

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