Oil Hits $90 After Iran Strikes Tankers, Then Falls on Mediation Hints
📡 Financial Times · 1 min read ·
Part of composite article US and Iran Trade Strikes for 10th Night; Oil Prices Hit $90 as Hormuz Shipping Collapses View full article →
Crude oil briefly touched $90 per barrel after Iran struck tankers in a key shipping lane. The price later fell back after Tehran announced it had received proposals from mediators regarding the ongoing conflict. The volatile move reflects market anxiety over supply disruptions in the Middle East. Analysts are watching for further diplomatic developments.