Oil hits $90 a barrel as US-Iran war stalemate tightens grip on Strait of Hormuz

Oil prices have risen to $90 a barrel as the US-Iran war stalemate deepens and commercial shipping through the Strait of Hormuz continues to dwindle. The lack of any breakthrough in the conflict is keeping upward pressure on energy markets. The Strait of Hormuz is a critical chokepoint for global oil supplies.