Oil prices surge past $90 as US-Iran military strikes escalate in Gulf
Oil prices rose above $90 amid escalating US-Iran military strikes that killed three US service members and targeted Iranian infrastructure across the Gulf. Diplomatic prospects remain dim as Iran's Foreign Minister indicated some nuclear issues may be unresolvable. Separately, Ryanair predicts lower fares this summer despite modest Q2 pricing declines dependent on August and September bookings.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 20 Jul 2026, 06:33 UTC · Updated 20 Jul 2026, 06:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections