Oil prices jump 3% as US-Iran conflict intensifies, Brent crude tops $90 per barrel

20 July 2026 - 12:20
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Oil prices climbed significantly as United States and Iran conflict intensified. Shipping through the Strait of Hormuz faced increasing pressure and disruptions. US military actions continued for a ninth consecutive night against Iran. Bahrain and Kuwait reported fresh missile and drone strikes across the region. Escalating tensions kept oil prices on an upward trajectory.

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