Oil Prices Cross $90 a Barrel as U.S.-Iran Conflict Widens

Oil prices have surged past the $90 mark, driven by escalating tensions between the U.S. and Iran, which have heightened global concerns about potential disruptions to oil supply. Brent crude, a key global benchmark, saw a significant increase of over 3 percent when trading resumed on Sunday. Meanwhile, stock market futures, specifically S&P 500 futures, showed little change, indicating that investors are currently focused more on the oil market than on broader stock market implications. This spike in oil prices underscores the delicate balance of global energy markets and the potential economic ripple effects from geopolitical conflicts.