Brent crude tops $90 as US and Iran intensify attacks
Brent crude rose above $90 a barrel on Monday as the United States and Iran intensified attacks across the Middle East, Reuters reported, pushing the global benchmark to its highest level in weeks amid mounting fears over supply disruptions ([Reuters](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNbDB0dzIyZzhDNXdvemNBWHdxR3dnWXcwVk4xM082SDRRTm9xel9yX3hJeFBDN1hyQXZpRlVWcElHNi13amFSaXFZLUEtYWpva20xcmFjLWt2TEc0QjFlMDJRMHFPZ3dpb0hZNlBib1ZMNk4xNXdPcmNfUHRpRzNzVDRtdmZlY2MydWVLdS1uVnZXSkdHZjlYelZOZ1M0SXlnVzlBSGFUUU43YlE?oc=5)).
By Source Reporters Newsdesk
Mon, 20 July 2026 · 1 min read
Brent crude rose above $90 a barrel on Monday as the United States and Iran intensified attacks across the Middle East, Reuters reported, pushing the global benchmark to its highest level in weeks amid mounting fears over supply disruptions ([Reuters](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNbDB0dzIyZzhDNXdvemNBWHdxR3dnWXcwVk4xM082SDRRTm9xel9yX3hJeFBDN1hyQXZpRlVWcElHNi13amFSaXFZLUEtYWpva20xcmFjLWt2TEc0QjFlMDJRMHFPZ3dpb0hZNlBib1ZMNk4xNXdPcmNfUHRpRzNzVDRtdmZlY2MydWVLdS1uVnZXSkdHZjlYelZOZ1M0SXlnVzlBSGFUUU43YlE?oc=5)).
Bloomberg separately reported that Brent crossed $90 after Middle East attacks threatened flows through the Strait of Hormuz, a critical artery for global oil shipments ([Bloomberg](https://news.google.com/rss/articles/CBMinwFBVV95cUxNR0V6ZWcwdVNERGsydEtFRkU4dzVfcjdpc0J3ZXJpZTNKcm1PazNKeEtyZlMtZ0hCVHFTcjMyaTRCT3JBSjZwOWh5UktBYldJaVdYc1ZZd2g0ZFFGRWNHajAxMlJpcUMyOW04ckxjbzV6S0JLeEp3c3p3NFM1R0tyWFh6ejVMeGFfdkpaYk9Kd19uUHZ0OFBwUlB3MmVHbTQ?oc=5)). A Bloomberg Markets Wrap said oil climbed as the regional conflict escalated ([Bloomberg](https://news.google.com/rss/articles/CBMirAFBVV95cUxQWHRldVZqOTd4dFJCdE5XTThuU2ZkVmdpQlQ0YkdXS05Cd1ZiMHdCb2VyUWJqRnU4Y1l1bGIwRTRFUVFnSVdETklJUHNOdDJUQ09RZ3B4UlNHakJZVDlEWnF0LVpHRmh1bEtxUGFycHVFNE90WThiRFYtMU5Hdk9CbzQ1b1phVWUzU1Iyc052U0Y4RUdPQ0V3U2JqX0ZrU3h5TWdCOWU1NmlDRzVW?oc=5)).
The jump reverberated through Asian trading, with regional shares hesitant as oil climbed and a heavy week of corporate earnings loomed, according to Reuters ([Reuters](https://news.google.com/rss/articles/CBMigwFBVV95cUxNLXNOVkRxS1o3Q3pZUnR2TzZIVmRBbUs5MGZRYV9xRXJmVl8wUklWb0RfRjNETm5HR3Q3OEd1R3NZS0Nrc3Q0OGdQMDlVX041OGMybkpoZ0VWTFZ0Mlp4bGJmeXFUMzQ2NEpTdEFXbWh6eUNUQ1BXbkRRcHFUWnhLa3Fhdw?oc=5)).
Shipping data cited by Reuters showed few tankers entered the Strait of Hormuz to load crude and floating storage of liquefied natural gas rose, underscoring the disruption to energy trade through the waterway ([Reuters](https://news.google.com/rss/articles/CBMinAFBVV95cUxNcXJLRU1YX1JLOTBVdFVRLUlWNEh5N1BjVkNWQktyNkFaMXdSVTNGcklmNUJuckpzcVEtenNPX1E3TnRBQTF1REFyQmw0cEJLY1J1MW1Oc3JoaEIzdlBEWnNxX1F1OS03UWk5V3g3RVNLNS1iNFQ5bGdTdS1DWnFkU1VSSTR4WEJkRWhMcUIydkFJTndVYmJxTHR5Umw?oc=5)).
The renewed surge revives inflation concerns for central banks and adds pressure to consumers already contending with higher fuel costs, extending a weeks-long oil rally driven by the widening conflict and complicating the policy outlook for major economies.
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