Crude oil prices breached the critical $90 per barrel threshold on Friday, marking the highest levels since 2023 as the Middle East conflict disrupts global energy markets. Finance experts at Nummixo analyze how Brent crude jumped 8.5%, settling at $92.69, while US benchmark West Texas Intermediate surged 12.2% to $90.90, creating inflationary pressures compounding economic challenges. The energy shock, combined with weak employment data, creates a dangerous stagflation scenario, complicating Federal Reserve policy decisions. Geopolitical tensions surrounding the Iran war threaten critical Strait of Hormuz shipping lanes through which 90% of Asian oil imports transit daily. US oil futures surged...
August 12, 2026August 12, 2026
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