Brent tops $90 as renewed strikes rattle oil markets

Iran Herald · July 30, 2026 Sanctions

NEW YORK CITY, New York: Oil prices surged about seven percent on July 29, with Brent crude climbing above US$90 a barrel, as renewed military action in the Middle East and fresh threats to shipping through the Strait of Hormuz heightened concerns over global oil supplies. Brent crude futures rose $6. 16, or 7.