Brent oil tops $90 as US, Iran intensify attacks in Middle East

Oil prices climbed significantly on Monday as tensions rose. Brent crude futures surpassed ninety dollars a barrel, reaching recent highs. Attacks in the Middle East have disrupted energy shipments through the Strait of Hormuz. This escalation follows a substantial weekly gain for oil prices. Analysts suggest markets are underestimating potential inventory impacts from these blockades.