Brent Crosses $90 as US and Iran Trade Fire Near Hormuz
US forces struck two Iranian rocket launchers on Larak Island over the weekend, the first action in a month. Tehran responded with attacks on American allies in the region. Brent for November delivery climbed past $90, up over 3%. WTI moved above $86.
Nictick #2026-0043251 characters
Nictick — educational context
The Strait of Hormuz carried close to a fifth of global oil before the conflict. India imports most of its crude, so every dollar on Brent feeds through to the import bill, the rupee, and eventually inflation. Oil marketing, aviation, paints and tyres carry the most direct sensitivity.