Oil Rebounds Toward $90 as War Disrupts Supply Chains and Renewable Push Gains Momentum

Brent crude surged past $89 a barrel on Monday as the US and Iran resumed exchanging strikes for the first time in a month, jolting energy markets and sending Asian refiners scrambling for alternative supply routes far beyond the Middle East. The renewed fighting — with US strikes hitting Iran's Larak island — pushed Brent to $89.18 and West Texas Intermediate to $84.32, while U.S. gasoline prices remain 37 percent higher since the conflict began. Goldman Sachs analysts...