Brent Crude Briefly Breaks $90 After Iran War Escalation

Crude oil is trading lower today, with the United States Oil Fund (AMEX:USO), a widely used proxy for WTI prices, slipping 0.75% to 117.98 dollars. The move comes as traders digest a familiar pattern: geopolitical flashpoints in the Middle East that push prices higher over the weekend, only to see the gains fade once broader trading resumes. It's the kind of session where Brent briefly breaks above a psychological threshold before drifting back, and Monday's action followed that script closely.

Brent Crude touched 90 dollars a barrel in Asian trading hours as fresh U.S. strikes on Iran, now in their ninth consecutive night, collided with Iranian retaliation against American bases and shipping lanes. Both Brent and WTI jumped roughly 2% early in the session before easing as the day wore on. By the time Brent had settled back to 88.64 dollars and WTI to 82.67 dollars, the rally had largely evaporated, a reminder that overnight spikes tied to conflict headlines often don't hold once liquidity returns to Western markets.

Why Brent Briefly Breaks Higher Before Fading

The pattern isn't new. Weekend escalations in the Iran conflict have repeatedly driven prices up in early Asian hours on Mondays, only for the move to unwind as U.S. trading gets underway. Monday's spike followed the same rhythm. U.S. Central Command said its latest wave of strikes was aimed at

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