Crude oil rally deepens as West Asia tensions intensify; analysts see prices staying above $90

Crude oil prices climbed more than 4% as fresh tensions between Israel and Iran raised concerns over supply disruptions. Markets are closely watching developments around the Strait of Hormuz, which remains shut, adding to worries over global inventories. Although OPEC+ has announced an output increase of 188,000 barrels per day, analysts believe actual supply additions may be limited. Major banks including Barclays, JP Morgan and Goldman Sachs expect crude prices to remain above $90 a barrel, while some worst-case scenarios point to prices rising much higher if disruptions persist.