Brent Oil Tops $90 as Iran Rules Out Deal Extension
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- Brent crude rose above $90 after Iran ruled out extending an interim deal and threatened to escalate the conflict.
- Oil prices hit a near three-week high while bonds and stocks were jolted by Middle East tensions, with bond yields also climbing as US-Iran peace hopes faded.
Why it matters: With Brent crude back above $90 after Iran ruled out extending an interim deal, energy costs stay elevated while bond yields and equities absorb the renewed geopolitical risk — squeezing consumers at the pump and tightening financial conditions across markets simultaneously.
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