Brent oil rises above $90 as Iran rules out interim deal extension, threatens to escalate conflict — Live Feedhttps://www.live-feeds.com/feed/brent-oil-rises-above-90-as-iran-rules-out-interim-deal-extension-threatens-to-escalate-conflictContinuously updated, source-cited coverage. Brent oil rises above $90 as Iran rules out interim deal extensionhttps://www.live-feeds.com/feed/brent-oil-rises-above-90-as-iran-rules-out-interim-deal-extension-threatens-to-escalate-conflicthttps://www.live-feeds.com/feed/brent-oil-rises-above-90-as-iran-rules-out-interim-deal-extension-threatens-to-escalate-conflict#u44962Tue, 18 Aug 2026 20:35:50 +0000Brent oil prices have risen above $90 per barrel as Iran has ruled out extending an interim nuclear deal and threatened to escalate conflict. The development has increased geopolitical tensions in the region, particularly in the Strait of Hormuz, a critical waterway for oil shipments. This comes as a 60-day deadline for an Iran peace deal has expired.Why it mattersThe situation is significant because it impacts global oil supplies and contributes to rising oil prices. The Strait of Hormuz is a vital passage for a substantial portion of the world's oil shipments. Escalating tensions betwee