Salesforce Inc.

Research · Jul 20, 2026

Oil Climbs Above $90 on Middle East Escalation, Lifting Energy Stocks and Inflation Risks

Brent crude rose above $90 a barrel as escalating U.S.–Iran tensions heightened concerns over potential supply disruptions through the Strait of Hormuz. The rally boosted energy and defense shares while increasing pressure on airlines, transportation companies, and inflation-sensitive sectors as investors reassessed the global economic outlook.