Brent crude climbed above $90 as U.S.-Iran attacks expanded

Reuters data in market reporting showed Brent futures rise about 3% on Monday, with prices moving above $90 per barrel and trading near $90.79 after repeated U.S. and Iranian strikes intensified risk around shipping through the Strait of Hormuz.

Why this matters. Energy pricing moved sharply into risk-premium territory, feeding inflation expectations and increasing pressure on oil-dependent trade routes already stressed by Gulf tanker and pipeline disruptions.