Up to $90.20 per barrel — oil prices rise amid the escalating war with Iran

▪️Brent crude, the global benchmark, rose 4% and surpassed $90 per barrel amid the escalation of the conflict in the Middle East, including shelling of ships in the Strait of Hormuz and attacks on a key oil facility in Kuwait, — Bloomberg reports

▪️A week-long series of tit-for-tat strikes by both sides has affected not only military targets but also bridges, public utilities, and port facilities, indicating that a return to the fragile ceasefire is unlikely

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