Oil rises above $90 amid war concerns

Oil prices have risen again above $90 per barrel, amid declining hopes for a quick resolution to the US-Iran conflict. Brent crude reached $91 per barrel, the highest level since late July, while West Texas Intermediate oil topped $85. This follows the expiration of the ceasefire agreement signed between Washington and Tehran, which was not extended, and increased tensions with threats from Trump to strike Oman. As a result, US bond yields have climbed to their highest levels in two decades, and oil prices are expected to remain high due to ongoing tensions and conflict in the Strait of Hormuz.

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