The price of Brent crude oil has exceeded 90 dollars per barrel, in the context of escalating conflict between the United States and Iran, especially around the Strait of Hormuz. This increase in prices has been driven by American airstrikes on sites in Iran, which took place over nine consecutive nights. The American administration has stated that these operations will continue to weaken Iran's military capabilities.
Analysts at Quantum Strategy warn that the oil market is becoming increasingly tense, and prices could reach between 95 and 105 dollars per barrel if military tensions persist. President Trump stated that Iran has suffered significant military losses, while the Iranian press reported retaliatory attacks.
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