Oil returns above $90 as Iran hits tankers
- Posted on July 20, 2026
- By Financial Times
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- 1 min read
Oil prices surge past the $90 mark amid escalating tensions in the Middle East, following Iran's maritime attacks on commercial tankers. Simultaneous US military operations intensify regional conflict, resulting in increased American personnel casualties. The geopolitical crisis threatens global energy stability and shipping security, driving commodity markets upward. Analysts warn of potential supply chain disruptions and economic consequences as military confrontations continue along strategic international waterways.
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