Branch² Intelligence

Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?

IN · 2026-07-20

Key takeaway

Brent crude jumps 3% to $90.79 as US-Iran tensions escalate, highest since June 11.

Step 1US-Iran tensions escalate, raising geopolitical risk premium in oil markets.
Step 2Brent crude jumps 3% to $90.79, increasing global energy costs.
Step 3Indian SMEs face higher diesel and feedstock costs, compressing margins.
Step 4RBI may hold rates to manage imported inflation, keeping SME borrowing costs elevated.

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