Oil price today: Crude remains above $90 as Hormuz operations remain disrupted

Oil prices have settled at elevated levels, staying above ninety dollars per barrel. Investors are weighing the unpredictable US-Iran situation and the potential impacts on shipping routes through the Strait of Hormuz. While intermittent Middle East assaults bolster market sentiment, the absence of further escalations keeps a lid on price surges. Additionally, the UAE’s suspension of financial transactions with Iran has raised regional tensions.