Brent Crude Jumps 7% to Over $90 Amid Escalating Middle East Strikes

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International Relations

30 July 2026 at 3:32 am

Brent Crude Jumps 7% to Over $90 Amid Escalating Middle East Strikes

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Summary

Oil prices, specifically Brent crude, surged by 7% to over $90 due to escalating Middle East airstrikes and concerns over supply. U.S. crude inventories also dropped to a multi-year low, contributing to market volatility.

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