Oil prices jump 3% as US-Iran conflict intensifies, Brent crude tops $90 per barrel
Oil prices surged 3% as the conflict between the United States and Iran escalated, with Brent crude surpassing $90 per barrel. Disruptions in shipping through the Strait of Hormuz and ongoing US military actions against Iran have heightened concerns. The situation has led to fresh missile and drone strikes reported by Bahrain and Kuwait, further contributing to rising oil prices.