Brent Crude Tops $92 on Renewed Iran-US Fighting

Brent crude rose about 2% for a second consecutive day, trading above $92 per barrel, as markets reacted to the resumption of US-Iran strikes and continued disruption fears in the Strait of Hormuz.

Why this matters. Sustained price gains above $92/barrel signal markets are pricing in prolonged Hormuz disruption risk, which feeds directly into global fuel costs and inflation pressure.