INSUBCONTINENT EXCLUSIVE:

Today marked a significant rebound in oil prices, with Brent crude hitting the $90 threshold.This surge was fueled by the increasing

possibility of an Iranian assault on Israel, a situation that has gripped the global stage and overshadowed economic forecasts.The

International Energy Agency (IEA), for instance, had anticipated a downturn in worldwide demand.In the specifics of trading, May contracts

for West Texas Intermediate (WTI) crude finished the day up by 0.75%, adding $0.64 to close at $85.66 a barrel at the New York Mercantile

Exchange (Nymex).Concurrently, June Brent crude saw a rise of 0.79%, increasing by $0.71 to reach $90.45 a barrel on the Intercontinental

Exchange.Oil Climbs to $90 as Iranian Threats Intensify

WTI down 1.44%, Brent down 0.79%, attributed to U.S

Street Journal reports imminent threat from Iran, expected within 48 hours.US bolsters support for Israel, dispatching high-ranking Pentagon

official to aid in defense strategy development, showcasing solidarity.With tensions at a peak, the U.S

committed to defending Israel, while Iran warned of severe consequences should the U.S

DynamicsThe forecast trimmed its global oil demand growth projections for the current year and anticipated further deceleration in

2025.Industry experts like Louis Navellier from Navellier - Associates suggest that escalation in these conflicts could propel crude prices

even higher.Helima Croft of RBC Capital Markets suggests strong demand, OPEC cuts, and geopolitical risks may sustain high oil prices.The

possibility of them returning to triple digits looms larger than before.This complex interplay of market dynamics and international

relations continues to drive the volatile nature of global oil prices.