Oil Surges Above $90 as Iran Conflict Fuels Fed Rate Hike Fears and Pressures Bitcoin

Oil surged above $90 as US strikes on Iran and the Strait of Hormuz closure raised supply fears. Brent crude hit $91.40, up 3.2%, gaining 14% in a week and 30% since early July. The conflict fuels inflation and Fed rate hike concerns, pressuring Bitcoin. The rally followed the collapse of a...