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Middle East Conflict Pushes Crude Oil Above $90 as Global Energy Markets Brace for Uncertainty

Middle East Conflict Pushes Crude Oil Above $90 as Global Energy Markets Brace for Uncertainty

July 30, 2026 Global oil markets witnessed a sharp surge as crude prices climbed more than 7%, with Brent crude crossing the $90-per-barrel mark following a dramatic escalation of tensions across the Middle East. The latest developments involving Iran, U.S. military operations in Iraq, and renewed threats to commercial shipping in the Strait of Hormuz...