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

Consumer Price Index (CPI) figures.Markets closed yesterday; Wall 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 United States committed to defending Israel, while Iran warned of severe consequences should the

Oil Market 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.