Brent crude oil briefly surpassed the $90-per-barrel mark during Asian trading Monday, driven by renewed geopolitical tensions in the Middle East. According to OilPrice, both Brent and U.S. benchmark WTI crude climbed approximately 2% in early Asian trade following fresh military strikes between Washington and Tehran targeting Iranian assets and U.S. positions in the region, including operations affecting the critical Strait of Hormuz shipping lane.
The price spike extended gains from the previous week as the conflict between the two nations intensified. According to reports, U.S. forces launched a new offensive against Iranian targets late Sunday evening, marking the latest escalation in a series of consecutive military engagements between the two countries.
Though crude prices retreated from their highs as the Asian session progressed, the upward pressure reflects persistent market concerns over supply disruptions and geopolitical risk premiums in one of the world's most strategically important oil-producing regions. Traders continue to monitor developments closely as the situation remains fluid.