Brent Oil Surges Past $90 as U.S.-Iran War Disrupts Strait of Hormuz

TLDR: Brent crude jumped over 4% to $91.02 as Iran war tensions disrupted Hormuz shipping routes. Strait of Hormuz traffic dropped sharply after Iran targeted commercial vessels in the region. Analysts warn Brent crude could approach $100 a barrel without swift U.S.-Iran de-escalation. Rising oil prices are fueling inflation fears across food, freight, and gasoline [...]

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