Event details
Reuters data in market reporting showed Brent futures rise about 3% on Monday, with prices moving above $90 per barrel and trading near $90.79 after repeated U.S. and Iranian strikes intensified risk around shipping through the Strait of Hormuz.
Context
Energy pricing moved sharply into risk-premium territory, feeding inflation expectations and increasing pressure on oil-dependent trade routes already stressed by Gulf tanker and pipeline disruptions.
- Local time
- 7:43 AM Singapore time, Jul 20, 2026
- Location
- Strait of Hormuz/Gulf energy markets
- Relationship
- Update