Global Oil Price Crosses $90 a Barrel as U.S.-Iran Conflict Widens

Global oil prices have surpassed $90 a barrel due to escalating tensions between the US and Iran. Brent crude, the global oil benchmark, increased by over 3 percent as trading resumed on Sunday. The rise in oil prices was not mirrored in the stock market, with S&P 500 futures remaining relatively unchanged. The widening US-Iran conflict is driving uncertainty and volatility in the global oil market.

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