Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel
Brent crude rose 7.47% to $90.37 a barrel, while US WTI gained 7.15% to $84.93.
Renewed strikes involving the US, Saudi Arabia, and Iran-backed groups ignited supply concerns.
Iran targeted ships in the Strait of Hormuz and US bases in Jordan; US and Saudi strikes hit Iran-backed groups in Iraq.
President Trump said the US would respond with retaliatory strikes against Iran.
Analysts expect Brent oil to remain volatile in the $80-$100 range as conflict continues.
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