Oil Price Surges Above $90 as US-Iran Conflict Returns, but Markets Resist Full Risk-Off Move

What’s happening: Brent surged back above $90 Monday after US forces struck two IRGC rocket launchers on Larak Island Sunday, the first acknowledged US strike on Iran since late July, and Iran retaliated with ballistic missiles against two US-linked bases in Jordan, with all eight reportedly intercepted. That reverses part of last week’s de-escalation trade, […] The post Oil Price Surges Above $90 as US-Iran Conflict Returns, but Markets Resist Full Risk-Off Move appeared first on ActionForex.