Brent crude tops $92, WTI above $85 as Hormuz tensions threaten global supplies

Times Of India — Jul 22, 02:19 AM

https://timesofindia.indiatimes.com/photo/132549469.cms" style="margin-top: 3px; margin-right: 5px;" />Crude oil prices extended their rally as Middle East tensions escalated.

Brent crude held above ninety dollars a barrel amid supply disruption fears.

Houthi threats affected shipping activity in the Red Sea region.

Military actions continued overnight impacting energy shipping routes.

Global food insecurity risks also increased due to these disruptions.

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