Oil Tops $90 as US-Iran Tensions Threaten Strait of Hormuz Supply
Oil prices rose sharply on Tuesday amid escalating tensions between the United States and Iran. Brent crude reached $91.04 per barrel, while WTI crude climbed to $86.55. The Strait of Hormuz, a critical chokepoint for global oil shipments, remains at the center of supply stability concerns. Separately, Venezuela is reportedly taking steps to help replenish US oil reserves, adding another dimension to the evolving energy supply picture.
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