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Brent jumps past 90 dollars as Trump promises retaliation

Part of Iran / Israel / U.S. / Lebanon / Energy crisis watch

MarketReported

Event details

A black folded-paper wave rises through a red 90-dollar threshold beside Brent's reported price and daily move.
Brent reached $90.66, up more than 7%, as Trump promised retaliation on July 29.Illustration · not evidence

Brent crude rose more than 7 percent to 90.66 dollars a barrel by 2:30 p.m. Eastern after Trump said it was "our turn" following the intercepted Iranian attack and promised a response. The United States said it had completed a round of strikes on Iran.

Context

Crude had settled into the low eighties through the July lull; a seven percent single-session move shows the market still prices the strait as unresolved rather than merely disrupted.

Local time
2:30 PM New York time, Jul 29, 2026
Location
Washington, D.C. / global oil market
Relationship
Update
Source