Oil Prices Surge Over 7% to $90 Amid Renewed Middle East Conflict

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Energy Markets

30 July 2026 at 3:26 am

Oil Prices Surge Over 7% to $90 Amid Renewed Middle East Conflict

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Summary

Oil prices surged over 7% to $90 per barrel due to renewed Middle East military actions and a drawdown in US crude inventories, with ongoing shipping disruptions contributing to volatility.

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