US-Iran tensions push Brent crude to $90, dollar strengthens

Brent crude oil prices surged 14% to reach $90 as US-Iran tensions disrupt critical supply routes. Market data indicates Brent crude hit a new all-time high by December 31, while the dollar strengthened. Additionally, projections suggest WTI could reach $110 by July 2026 with a 4.8% probability. These geopolitical frictions continue to impact global energy markets and currency valuations, pushing oil prices significantly upward across major benchmarks.