Brent Crude Surges Past $90

Brent crude futures rose to $90.79 on Monday Brent crude futures rose about 3% to $90.79 on Monday, driven by escalating US and Iran attacks. The conflict has led to a mutual blockade dynamic around the Strait of Hormuz, cutting vessel transits sharply. The marke

Brent crude futures rose to $90.79 on Monday

Brent crude futures rose about 3% to $90.79 on Monday, driven by escalating US and Iran attacks.

The conflict has led to a mutual blockade dynamic around the Strait of Hormuz, cutting vessel transits sharply.

The market is underpricing the risk to export volumes, suggesting further upside risk if the blockades persist.

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